GBPUSD – Flat
GBPUSD trading plan:
All officials at the Federal Reserve’s December meeting agreed to slow the pace of its aggressive interest rate increases, allowing them to continue raising the cost of credit to control inflation but in a gradual way. The minutes of the meeting, which were released on Wednesday, showed policymakers still focused on controlling the pace of price increases and worried about any „misperception“ in financial markets that their commitment to fighting inflation was in any way flagging. But officials also acknowledged they had made „significant progress“ over the past year. As a result, the central bank now needed to balance its fight against rising prices with the risks of slowing the economy too much. This is a negative signal for the dollar.
Investment idea: buy 1.2035 and take profit 1.2101.
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