GBPUSD – Flat
GBPUSD trading plan:
Mortgage rates in the US rose for the first time since mid-November. The average for a 30-year, fixed loan was 6.42%, the highest since early this month and up from 6.27% last week, Freddie Mac said in a statement. Borrowing costs tracked 10-year Treasury yields, which climbed after a report showed that a consumer-price gauge the Federal Reserve watches closely continued to cool. Inflation is still higher than the central bank would like, and wage growth is stubbornly robust, meaning the Fed’s policy of interest-rate hikes is likely to continue into the new year. For would-be homebuyers, mortgage costs are more than double what they were a year ago and remain a significant barrier to successfully closing transactions.
Investment idea: buy 1.2020 and take profit 1.2089.
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