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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 23 June 2021

23 June 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

British manufacturers reported the strongest growth in output on record. The Confederation of British Industry's monthly index for industrial output growth over the past three months was the highest since the CBI records began in 1975 at +37, helped by the lifting of coronavirus restrictions. "Encouragingly, this performance is reflected in the majority of manufacturing sub-sectors and looks set to continue in the coming quarter," Anna Leach, the CBI's deputy chief economist, said. A positive signal for the British currency!

Investment idea: buy 1.3915 and take profit 1.3990.

David Johnson
Analyst of «FreshForex» company
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