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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 05 January 2022

05 January 2022, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

British manufacturing grew slightly more quickly than originally thought in December. The final reading of the IHS Markit/CIPS UK Manufacturing PMI for December stood at 57.9, up from a preliminary reading of 57.6 and not far off November's three-month high of 58.1. Growth in jobs slowed but new orders and output rose at a faster pace than in November, the survey showed. Despite the easing of strong inflation pressures, with input prices rising at their slowest pace in three months, prices charged by factories rose at their fastest pace on record.

Investment idea: buy 1.3491 and take profit 1.3570.

David Johnson
Analyst of «FreshForex» company
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