Positive macroeconomic statistics from the UK | 28 March 2023

28 March 2023, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry, adding to other recent signs of recovery in the economy. The CBI's expected sales balance for April increased to +9 from -18 in March. Apart from September's reading of +31, the gauge of sales expectations has been negativing in every month since May of last year. "It's encouraging that activity in the retail sector showed signs of stabilising after a challenging winter," CBI Principal Economist Martin Sartorius said.

Investment idea: buy 1.2275 and take profit 1.2344.

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