British factories recorded their fastest growth | 02 ديسمبر 2020

GBPUSD trading plan:

British factories recorded their fastest growth in almost three years last month as they stockpiled raw materials and rushed to complete work before new post-Brexit customs rules come into force on Jan. 1. The IHS Markit/CIPS Purchasing Managers' Index rose to 55.6 in November from 53.7 in October, its highest since December 2017 and above an earlier flash reading of 55.2, bucking a gloomier picture from other sectors hit harder by COVID. Factory output, which is only one component of the total PMI, also accelerated. This is a positive signal for the British currency!

Investment idea: Buy 1.3404 and take profit 1.3454.