British statistics on business activity in the industry and services for May delighted traders with positive data. The industrial PMI rose to its highest level since 1998, indicating a robust recovery in economic growth following the coronavirus crisis. Purchasing managers said that the surge in business activity is associated with the lifting of coronavirus restrictions, against the background of an improvement in the epidemiological situation.

A substantial increase in new orders was recorded in the service sector. Positive statistics from the United Kingdom allows counting on the renewal of the yearly maximum, which is located at around 1.4236.

Trading recommendation: Buy 1.4135/1.4110 and take profit 1.4236.