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The more challenging year

The more challenging year | 17 January 2023

17 January 2023, GBP/USD

GBPUSD trading plan:

Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial crisis due to rising inflation, macroeconomic volatility and geopolitical conflicts, a survey by PricewaterhouseCoopers showed. With 73% of chief executives around the world expecting global economic growth to decline over the next 12 months, this gloomy view is the most pessimistic CEOs have been since PwC began the survey more than a decade ago. The survey also found 60% of CEOs do not plan to reduce the size of their workforce in the next 12 months, while 80% do not plan to reduce staff remuneration in order to retain talent and mitigate workforce attrition rates.

Investment idea: range 1.2150 - 1.2240.

David Johnson
Analyst of «FreshForex» company
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