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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 23 Mei 2022

23 Mei 2022, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.K. consumer confidence sank to a new all-time low this month as the country's cost-of-living crisis took an ever-tighter grip on the public mood. Market research firm GfK said confidence is now at a lower ebb than during the 2008 financial crisis or at the depths of the pandemic two years ago, despite the fact that unemployment is at a 50-year low, due to galloping inflation. Bank of England Governor Andrew Bailey told parliament last week that there was little it could do to stop inflation peaking at over 10% later this year, citing the surge in global prices for energy and food.

Investment idea: sell 1.2595 and take profit 1.2515.

David Johnson
Analyst of «FreshForex» company
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