The negative signal for the British currency | 07 اكتوبر 2019
07 اكتوبر 2019, GBP/USD
GBPUSD trading plan:
British business activity wilted in the third quarter, especially in manufacturing, according that boded poorly for the country's economy in late 2019 as it faces the BREXIT crisis and a global slowdown. The British Chambers of Commerce's survey of 6,600 companies showed domestic manufacturing sales fell at the fastest pace since late 2011. Expectations for profits declined particularly sharply in the manufacturing sector, falling to their lowest level since late 2011. This is a negative signal for the British currency!
Trading recommendation: Sell 1.2336 and take profit 1.2275.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
