GBPUSD – Flat
GBPUSD trading plan:
U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report published. „Expectations for future growth were mostly unchanged as well; however, two districts saw outlooks deteriorate,“ the U.S. central bank said in its latest „Beige Book“ compendium of surveys and interviews conducted across its 12 districts through April 10. „Contacts expected further relief from input cost pressures but anticipated changing their prices more frequently compared to previous years.“ Overall report delivered little to shift that trajectory: lending did decline, and elevated price pressures eased, but neither trend was dramatic or appeared to suggest an economy on the cusp of an economic downturn or a sharp rise in unemployment, now at the historically low level of 3.5%.
Investment idea: buy 1.2395 and take profit 1.2460.
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