Positive CBI survey | 22 December 2020

22 December 2020, GBP/USD

Positive CBI survey

GBPUSD trading plan:

British retail sales recovered in December as restrictions on shops were eased and consumers bought food and other essentials ahead of Christmas, but the outlook for January was the worst since the summer, a survey showed CBI. The Confederation of British said its monthly retail sales balance rose to -3 in December from -25 in November, its highest level in three months. The survey was conducted between Nov. 23 and Dec. 14, covering the end of a second English coronavirus lockdown, when non-essential shops were closed - and the return to tiered restrictions.

Investment idea: Buy 1.3360 and take profit 1.3450.

David Johnson
Analyst of «FreshForex» company
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