British business is afraid of political risks | 04 Junio 2019

GBPUSD trading plan:

Negative macroeconomic statistics from the United Kingdom will not allow the British currency to record a large growth of quotations. The IHS Markit UK Manufacturing PMI fell to 49.4 from 53.1 in April, its lowest level since July 2016. Export orders dropped at the fastest pace since October 2014. British factories cut jobs for a second month running in May and ran down backlogs of work at the fastest rate in six years. British business is afraid of political uncertainty. Investors are selling the U.S. currency this week, but for the British pound this is a weak consolation.

Trading recommendation: range 1.2630 -1.2700.