GBPUSD – Flat
GBPUSD trading plan:
British car production rose 13.1% in February in its first monthly increase in three, helped by an easing of supply-chain snags and robust output in both domestic and overseas markets. Britain’s car output rose by 8,050 units to 69,707 units cars last month, with exports rising 11.5% and domestic output jumping 20.3%, the Society of Motor Manufacturers and Traders said in a statement. Production of hybrid, plug-in hybrid and battery electric vehicles continued to rise, with combined volumes surging by 72.2% to 27,392 units in February, the data showed.
Investment idea: buy 1.2268 and take profit 1.2350.
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