GBPUSD – Flat
GBPUSD trading plan:
The World Bank The bank said major slowdowns in advanced economies, including sharp cuts to its forecast to 0.5% for both the United States, could foreshadow a new global recession less than three years after the last one. „Given fragile economic conditions, any new adverse development – such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions – could push the global economy into recession,“ the bank said in a statement accompanying the report. The World Bank noted that some inflationary pressures started to abate as 2022 drew to a close, with lower energy and commodity prices, but warned that risks of new supply disruptions were high, and elevated core inflation may persist. This could cause central banks to respond by raising policy rates by more than currently expected, worsening the global slowdown.
Investment idea: range 1.2115 – 1.2200.
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