Positive macroeconomic statistics from the UK | 09 Diciembre 2022

GBPUSD trading plan:

British consumer spending picked up in early December, in line with usual seasonal trends as people spent more in the run-up to Christmas, despite a surging cost of living, the Office for National Statistics said. Credit and debit card spending in the week to Dec. 1 - which included 'Black Friday' sales promotions - was 13 percentage points higher than a week earlier, according to interbank payments data, which the Bank of England provides to the ONS. Compared with a year ago, spending on commuting and other work-related expenses was up by 16 percentage points and spending on socialising was 5 percentage points higher, but spending on discretionary items such as clothing and furniture was down by 10 percentage points.

Investment idea: buy 1.2235 and take profit 1.2311.