02 September 2021, GBP/USD
GBPUSD trading plan:
British businesses grew at the fastest rate since May 2014 during the three months to August as COVID-19 restrictions were lifted, the Confederation of British Industry said. The Confederation of British Industry said its monthly growth indicators, based on business surveys it conducted between July 27 and Aug. 17, rose to +34 from July's +33, driven by stronger growth in consumer services and retail. "Evidence of labour shortages has been growing – in some cases, these shortages are having a material impact on operations. Meanwhile, disruption to global supply chains during the pandemic has led to sharp rises in material and shipping costs, adding further pressure," Confederation of British Industry economist Anna Leach said.
Investment idea: buy 1.3766 and take profit 1.3821.
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