GBPUSD – Flat
GBPUSD trading plan:
British consumer price inflation fell for the first time in almost a year in August as a drop in fuel prices offered some unexpected – and probably brief – respite to households and the Bank of England. Annual consumer price growth slowed to 9.9% from July’s 40-year high of 10.1%, the Office for National Statistics said. The inflation was likely to peak at around 11% in October when a new household energy tariff cap begins, and said it could be slow to fall due to underlying pressures and new government fiscal stimulus. Financial markets see an 80% chance that the BoE will raise rates by 0.75 percentage points to 2.5% on Sept. 22.
Investment idea: buy 1.1475 and take profit 1.1525.
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