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Bad macroeconomic statistics from the United Kingdom

Bad macroeconomic statistics from the United Kingdom | 30 Agustus 2019

30 Agustus 2019, GBP/USD

Bad macroeconomic statistics from the United Kingdom

GBPUSD trading plan:

Bad macroeconomic statistics from the United Kingdom and a new political crisis will have a negative impact on the value of the British currency. GFK’s headline confidence measure dropped to minus 14, its joint lowest since July 2013, when the U.K. flirted with recession. All five components of the GFK measures fell this month, led by people’s view of their future personal finances, and the future of the British economy in general. The index for willingness to make major purchases fell to 1 from 4 in July. Investors are pessimistic about the prospects of the British economy.

Trading recommendation: Sell 1.2200 and take profit 1.2158.

David Johnson
Analyst of «FreshForex» company
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