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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 27 March 2023

27 March 2023, GBP/USD

GBPUSD trading plan:

British consumer confidence rose this month to its highest level in a year, helped by improving sentiment around the economy and despite persistent gloom over personal finances, a survey showed. Market research firm GfK's consumer confidence index rose to -36 in March, in line with the consensus of traders and up from -38 in February and its highest since March 2022. While still at levels historically associated with recessions, the improvement chimed with other gauges of Britain's economy that suggest it could sidestep a long-lasting downturn that had been widely predicted last year.

Investment idea: buy 1.2215 and take profit 1.2295.

David Johnson
Analyst of «FreshForex» company
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