The negative news for the British currency | 18 ديسمبر 2019

GBPUSD trading plan:

The Confederation of British Industry's gauge of manufacturing output over the three months to December fell to -16 from -9 in November, its weakest reading since September 2009. The survey showed export orders declined at one of the fastest rates since the financial crisis. This is negative news for the British currency. Positive macroeconomic statistics from the United States will put additional pressure on the pound sterling. U.S. homebuilder sentiment advanced in December to the highest level since 1999 amid stronger sales and a surge in prospective buyer foot traffic.

Trading recommendation: Sell 1.3110 and take profit 1.3088.

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