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Negative macroeconomic statistics from the UK

Negative macroeconomic statistics from the UK | 25 Januari 2021

25 Januari 2021, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

British manufacturers' concerns about shortages of low-wage workers and supplies have risen the most in almost 50 years. A monthly index of new orders for January dropped to -38 from -25 in December. The survey adds to signs that Britain's economy will contract in early 2021, hit by a surge in coronavirus cases and restrictions, and new bureaucracy for trade with the EU. The CBI figures showed many manufacturers reported a rush to build up stocks and complete EU orders in December, before the new customs rules took effect on Jan. 1. Negative macroeconomic statistics from the UK are forcing investors to increase their short positions in the British currency.

Investment idea: Sell 1.3720 and take profit 1.3677.

David Johnson
Analyst of «FreshForex» company
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