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Heightened uncertainty

Heightened uncertainty | 06 March 2019

06 March 2019, GBP/USD

Heightened uncertainty

GBPUSD trading plan:

Heightened uncertainty over Britain’s impending departure from the European Union kept the British economy close to stagnation, despite a slight uptick in services sector business activity. Brexit concerns led employment in the service sector to fall at the fastest pace in seven years. The reluctance to begin major new projects has also weighed heavily on the U.K.’s construction sector. The three surveys -covering the services, manufacturing and construction sectors - suggest growth of 0.1% for the British economy in the first quarter. This is a negative signal for the British currency!

Trading recommendation: Sell 1.3170 and take profit 1.3130.

David Johnson
Analyst of «FreshForex» company
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