02 Februari 2021, GBP/USD
GBPUSD trading plan:
The upturn in the UK manufacturing sector slowed sharply at the start of 2021. Output growth eased and new orders fell slightly as producers faced weaker inflows of new export work and temporary supply-chain disruptions caused by COVID-19 restrictions and transport delays following the end of the Brexit transition period. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index fell to a three-month low of 54.1 in January, down from December's three-year high of 57.5. A mixture of harsher COVID-19 restrictions and Brexit led to near-record supply-chain disruptions, lower exports and increased costs. The impact was felt most at consumer goods producers, who reported steep falls in output and new orders.
Investment idea: range 1.3650 -1.3730.
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