The sudden flowering of optimism | 21 Abril 2023

GBPUSD trading plan:

British consumers were their most upbeat in more than a year this month, despite the surging cost of living, as they took a more positive view of their finances and the health of the wider economy, market research firm GfK said. Consumers' expectations for Britain's economy in the next 12 months hit a 15-month high and they saw the prospects for their personal finances as the brightest since February 2022. There was also an increase in GfK's sub-index of shoppers' willingness to make expensive purchases. GfK's gauge of savings intentions fell marginally but was still positive and nine points higher than the same month last year.

Investment idea: buy 1.2375 and take profit 1.2453.