28 March 2023, GBP/USD
GBPUSD trading plan:
British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry, adding to other recent signs of recovery in the economy. The CBI's expected sales balance for April increased to +9 from -18 in March. Apart from September's reading of +31, the gauge of sales expectations has been negativing in every month since May of last year. "It's encouraging that activity in the retail sector showed signs of stabilising after a challenging winter," CBI Principal Economist Martin Sartorius said.
Investment idea: buy 1.2275 and take profit 1.2344.
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