The quarterly poll of British CFO | 11 January 2021

11 January 2021, GBP/USD

The quarterly poll of British CFO

GBPUSD trading plan:

A wave of optimism washed over bosses of major British companies in December. The quarterly poll of chief financial officers from accountants Deloitte showed the biggest improvement in optimism since the survey started in 2007. Expectations for hiring and investment recovered in the latest survey but still remained in negative territory. "Boosted by the prospect of mass vaccination and growth, business sentiment surged this quarter with CFOs taking the most positive view on profit margins for the last five years," said Ian Stewart, Deloitte's chief economist. This is a positive signal for the British currency!

Investment idea: Buy 1.3475 and take profit 1.3535.

David Johnson
Analyst of «FreshForex» company
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