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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 18 April 2023

18 April 2023, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval in the global banking sector has not dented the mood, a quarterly survey by Deloitte showed. The difference between chief financial officers who were more optimistic about their businesses' prospects and those were less optimistic stood at 25 percentage points, having run below the long-term average reading of -2 percentage points throughout the last year. "Crucially, finance leaders report little change in credit conditions, suggesting that March's events in the global banking system have not affected the pricing and availability of credit for UK corporates," Deloitte Chief Economist Ian Stewart said.

Investment idea: buy 1.2410 and take profit 1.2480.

David Johnson
Analyst of «FreshForex» company
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