GBPUSD – Flat
GBPUSD trading plan:
Directors at three of the Federal Reserve’s 12 regional banks supported a smaller increase in a key emergency borrowing rate than the 75-basis point rate hike the U.S. central bank ultimately approved in early November, minutes of Fed discount rate meetings showed. At meetings held a week or two before the Fed policy-rate decision, directors on the Kansas City, Philadelphia and New York Fed boards sought a half-percentage-point increase in the discount rate, the minutes showed. Those at the other nine banks backed a 75-basis point hike, which was the increase Fed policymakers decided on at their Nov. 2-3 meeting. None supported a 100-basis point hike as at least one bank board did before each of the prior two Fed meetings.
Investment idea: buy 1.1919 and take profit 1.2005.
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