Negative macroeconomic statistics from the UK | 03 Septiembre 2019

03 Septiembre 2019, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

Negative macroeconomic statistics from the UK signals a sell-off of the British currency. The IHS Markit UK Manufacturing Purchasing Managers' Index fell to 47.4 from 48.0 in July. The index fell to its lowest level since records started in 2012. Activity across manufacturing declined, with production in the consumer goods industry dropping at the fastest rate since February 2009. The Bank of England may cut interest rates on September 19. Lower interest rates have traditionally contributed to the outflow of capital from British assets.

Trading recommendation: Sell 1.2065 and take profit 1.2029.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.