Negative macroeconomic statistics from the UK | 06 7月 2023

06 7月 2023, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

Growth in Britain's private sector slowed sharply last month, despite businesses facing lower inflation, as higher Bank of England interest rates weighed on demand, a fresh survey showed. The S&P Global/CIPS services Purchasing Managers' Index for Britain dropped to 53.7 in June from May's 55.2, in line with a preliminary estimate. While this was still comfortably above the 50 level which separates growth from contraction in the PMI survey, it was the UK services sector's lowest reading since March and the biggest month-on-month fall since August 2022. The service sector showed renewed signs of fragility in June as rising interest rates and concerns about the UK economic outlook took their toll on customer demand.

Investment idea: sell 1.2740 and take profit 1.2660.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus