Positive macroeconomic statistics from the United States | 17 July 2023

17 July 2023, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a fresh survey showed. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 72.6 this month, the highest reading since September 2021, compared to 64.4 in June. The survey's reading of one-year inflation expectations inched up to 3.4% this month from 3.3% in June. Its five-year inflation outlook nudged up to 3.1% from 3.0% in the prior month, remaining within the narrow 2.9-3.1% range for 23 of the last 24 months.

Investment idea: sell 1.3141 and take profit 1.3065.

David Johnson
Analyst of «FreshForex» company
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