Negative macroeconomic statistics from the UK | 27 Julio 2023

GBPUSD trading plan:

Two thirds of property surveyors think Britain's commercial real estate market is in a downturn, as higher Bank of England interest rates have brought the toughest credit conditions since at least 2014, a fresh survey showed. The Royal Institution of Chartered Surveyors said 68% of members judged the overall market was in a downturn, even though some sectors such as industrial property, student housing and prime office space were robust. The BoE raised interest rates to 5% last month to tackle the highest inflation in any major advanced economy, and economists polled by Reuters this week expect a further quarter point increase next week and a peak of 5.75% this year.

Investment idea: sell 1.3010 and take profit 1.2945.