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Negative macroeconomic statistics from the UK

Negative macroeconomic statistics from the UK | 24 January 2022

24 January 2022, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

UK retail sales volumes fell by 3.7% in December 2021 but were 2.6% higher than their pre-coronavirus February 2020 levels. The Omicron variant, which increased rapidly during December, was reported by some retailers as impacting retail footfall. Automotive fuel sales volumes fell by 4.7% in December 2021 as increased home working in December 2021 reduced travel; sales volumes were 6.6% below their February 2020 levels. Food store sales volumes fell by 1.0% in December 2021; despite the fall in December, volumes were 2.0% above levels in February 2020.

Investment idea: sell 1.3575 and take profit 1.3520.

David Johnson
Analyst of «FreshForex» company
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