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British consumer sentiment fell

British consumer sentiment fell | 24 January 2023

24 January 2023, GBP/USD

British consumer sentiment fell

GBPUSD trading plan:

British consumer sentiment fell for the first time in four months in January, returning near to historic lows as concerns about the economy and the soaring cost of living tightened the squeeze on household finances, research showed. Market research firm GfK said its measure of confidence declined 3 points to -45, the third-lowest reading since records started in 1974. The survey results highlight the impact that rising prices and economic uncertainty is having on UK households, with more consumers reporting a deterioration in their personal finances.

Investment idea: sell 1.2450 and take profit 1.2350.

David Johnson
Analyst of «FreshForex» company
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