02 February 2022, GBP/USD
GBPUSD trading plan:
British manufacturing output grew at the fastest pace in six months in January as global supply chain pressures began to ease and factories largely shrugged off a wave of cases caused by the Omicron variant of coronavirus. The IHS Markit/CIPS Purchasing Managers' Index showed the output index rose to 54.5 in January - its highest since July 2021 - from 53.6 in December, stronger than an initial flash estimate of 53.8. The PMI showed manufacturers' input prices rose at the slowest pace since April 2021 while output prices rose at the slowest pace since May - although in outright terms both price increases are far above their long-run average.
Investment idea: buy 1.3500 and take profit 1.3550.
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