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Grim UK Economy

Grim UK Economy | 21 October 2022

21 October 2022, GBP/USD

Grim UK Economy

GBPUSD trading plan:

The Conservative Party is trying to end a period of extreme political turmoil by setting a high threshold for candidates trying to succeed Liz Truss, meaning the UK could have a new prime minister as soon as Monday. Truss said Thursday she was quitting as prime minister after a tumultuous and brief period in office in which she announced an economic package that roiled the financial markets, forcing her to fire her finance minister and reverse most of her planned tax cuts. By next Friday, she’ll have served for 52 days -- the shortest ever period in office for a British premier. Truss’s Successor to Inherit Grim UK Economy.

Investment idea: sell 1.1237 and take profit 1.1160.

David Johnson
Analyst of «FreshForex» company
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