08 July 2022, GBP/USD
GBPUSD trading plan:
British consumer activity picked up in late June with more visits to restaurants and a slight increase in credit and debit card spending, data collated by the Office for National Statistics showed. Credit and debit card spending - based on Bank of England interbank CHAPS payments data, which is not adjusted for inflation or the time of year - rose to 102% of its February 2020 average in the week to June 30, up two points on the week. This is a positive macroeconomic statistic for the British currency. Scandal-ridden Boris Johnson announced on Thursday he would quit as British prime minister after he dramatically lost the support of his ministers and most Conservative lawmakers, but said he would stay on until his successor was chosen.
Investment idea: buy 1.1900 and take profit 1.1980.
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