Negative macroeconomic statistics from the UK | 25 Octubre 2022

25 Octubre 2022, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

British businesses are suffering their worst month since January 2021, when they were under a COVID-19 lockdown, as the country's political upheavals compound concerns about inflation and rising interest rates, a survey showed. The S&P Global/CIPS flash Composite Purchasing Managers' Index showed a contraction in activity for a third month in a row, sinking to a 21-month low of 47.2 from September's 49.1 and signalling Britain's economy could be on course for a potentially deep recession. Political and economic uncertainty pushed overall activity down at a pace unseen since the global financial crisis in 2009.

Investment idea: sell 1.1350 and take profit 1.1290.

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.