GBPUSD – Flat
GBPUSD trading plan:
The British public’s expectations for inflation in future years receded in recent weeks to the lowest level in almost a year, a fresh survey showed in welcome news for Bank of England officials who fear price pressures might become embedded. Consumer inflation expectations continue to fall according to survey, with 5-year expectations briefly touching the lowest since August last year. Last month, the closely watched Citi/YouGov survey also showed a decline in long-term public inflation expectations. In the current environment, dollar strength is a sign of investors’ worries about a global recession since it signals a flight to the relative safety of the world’s reserve currency.
Investment idea: range 1.1877 -1.1970.
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