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Weak macroeconomic statistics from the UK

Weak macroeconomic statistics from the UK | 07 January 2021

07 January 2021, GBP/USD

Weak macroeconomic statistics from the UK

GBPUSD trading plan:

Britain's economy made only a subdued return to growth in December after shrinking during a four-week England-wide Covid-19 lockdown in November. The IHS Markit/CIPS composite Purchasing Managers' Index rose to 50.4 in December from 49.0 in November. "December data confirm that the UK service sector has swung back into decline after the partial rebound seen during the third quarter of 2020, largely reflecting tighter restrictions on consumer services amid the worsening trajectory of the pandemic," IHS Markit economics director Tim Moore said.

Investment idea: range 1.3555 -1.3650.

David Johnson
Analyst of «FreshForex» company
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