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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 01 February 2023

01 February 2023, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. consumer confidence unexpectedly fell in January as households continued to worry about the economy's prospects over the next six months, a fresh survey showed. The Conference Board said its consumer confidence index slipped to 107.1 this month from 109.0 in December. The present situation index, based on consumers' assessment of current business and labor market conditions, increased to 150.9 from 147.4 last month. But the expectations index, based on consumers' short-term outlook for income, business, and labor market conditions, dropped to 77.8 from 83.4 in December.

Investment idea: buy 1.2302 and take profit 1.2388.

David Johnson
Analyst of «FreshForex» company
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