Negative macroeconomic statistics from the UK | 23 August 2023

23 August 2023, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

British manufacturing output dropped over the three months to August by the most in almost three years, according to an industry survey that pointed to a further drop in new orders. The Confederation of British Industry's net balance of output for the three months to August fell to -19 from +3 in July, the lowest reading since September 2020. The net balance shows the difference between the share of factories reporting rising output against those seeing a fall. Output dropped in 15 out of 17 manufacturing sub-sectors, with the car industry and mechanical engineering among the worst performers.

Investment idea: sell 1.2700 and take profit 1.2630.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .