GBPUSD – Flat
GBPUSD trading plan:
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month, the Commerce Department said. Data for November was revised lower to show spending slipping 0.1% instead of gaining 0.1% as previously reported. The Commerce Department reported the Federal Reserve’s preferred gauge for inflation, the personal consumption expenditures price index, rose 0.1% last month after a similar rise in November. The latest inflation data has allowed Fed officials to guide markets to a slower pace. This is a negative signal for the dollar.
Investment idea: buy 1.2364 and take profit 1.2438.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
