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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus