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Negative macroeconomic statistics from the United Kingdom

Negative macroeconomic statistics from the United Kingdom | 03 October 2019

03 October 2019, GBP/USD

Negative macroeconomic statistics from the United Kingdom

GBPUSD trading plan:

Negative macroeconomic statistics from the United Kingdom may force investors to increase short positions on the British currency. A downturn in British construction deepened last month. The IHS Markit UK Construction Purchasing Managers' Index fell to 43.3 from 45.0 in August. Companies blamed escalating BREXIT uncertainty and generally weak demand for hesitancy among their clients, the survey showed. Britain is due to leave the European Union on Oct. 31, and Prime Minister Boris Johnson has said he is prepared to leave without a deal if necessary, despite being ordered by parliament to seek a delay if he cannot negotiate acceptable terms.

Trading recommendation: Sell 1.2312 and take profit 1.2275.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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