31 May 2023, GBP/USD
GBPUSD trading plan:
US consumer confidence fell to a six-month low as views about the current state of the labor market and the outlook for business conditions slipped ahead of a deal to raise the debt ceiling. The Conference Board’s index declined to 102.3 in May from a upwardly revised 103.7 in the prior month, data out Tuesday showed. The share of consumers who said jobs were “plentiful” fell to the lowest level in more than two years. The confidence gauge remains well below pre-pandemic levels and highlights the growing uncertainty about the economy. The share of respondents expecting more employment opportunities in the coming six months fell to the lowest since 2016, and the labor market has been the lynchpin supporting household spending.
Investment idea: buy 1.2359 and take profit 1.2440.
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