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Negative macroeconomic statistics from the UK

Negative macroeconomic statistics from the UK | 04 October 2019

04 October 2019, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

Negative macroeconomic statistics from the UK have a negative impact on the value of the pound sterling. British economy as it faces the BREXIT crisis and a global slowdown. The British Chambers of Commerce's survey of 6,600 companies showed domestic manufacturing sales fell at the fastest pace since late 2011. Growth in the much larger services sector also slowed. "Our findings point to a worrying drop-off in UK economic activity, with unrelenting uncertainty over Brexit and a notable slowing in global growth prospects dragging down almost all the key indicators in the quarter," BCC head of economics Suren Thiru said.

Trading recommendation: Sell 1.2357 and take profit 1.2310.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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