GBPUSD – Flat
GBPUSD trading plan:
Basic pay in Britain grew more quickly again in the last three months of 2022, underscoring the Bank of England’s worries about inflationary heat in the economy, but other data published suggested a cooling in the labour market. Pay excluding bonuses rose by 6.7%, its fastest growth since records began in 2001 apart from during the coronavirus pandemic when changes in incomes were distorted by furloughs of workers. Total pay grew by an annual 5.9% in the October-to-December period, the slowest rise since the three months to July last year, but that largely reflected unusually high growth in bonuses in late 2021, the Office for National Statistics said. Traders increased slightly their bets on the BoE raising interest rates by another quarter of a percentage point in March.
Investment idea: buy 1.2100 and take profit 1.2200.
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