Negative macroeconomic statistics from the UK | 13 يناير 2021

GBPUSD trading plan:

British consumer spending fell in December at the fastest rate in six months, with pubs and restaurants especially hard hit by a resurgence of coronavirus cases, a survey showed Barclaycard. Payment card provider Barclaycard said consumer spending contracted 2.3% in year-on-year terms last month, the biggest drop since June when most of the economy was still in lockdown. Spending in pubs and bars dropped 71% and fell by 65% in restaurants, the survey showed. But vaccinations started too late to stop a surge in cases which earlier this month prompted Prime Minister Boris Johnson to set out a new, tougher lockdown. This will last until at least mid-February and economists think it will tip Britain back into recession.

Investment idea: Sell 1.3715 and take profit 1.3673.