GBPUSD – Flat
GBPUSD trading plan:
Americans‘ expectations for the near-term path of inflation ebbed to nearly a two-year low last month, which could take pressure off the Federal Reserve to raise rates amid fresh uncertainties created by turmoil in the U.S. banking system. In the first of a run of key readings on inflation, consumer spending and sentiment that could determine whether the U.S. central bank presses on with interest rate hikes or pauses to measure the fallout from bank failures that prompted it to take emergency action, the New York Fed’s Survey of Consumer Expectations showed respondents said inflation would stand at 4.2% a year from now. This is a negative signal for the dollar.
Investment idea: buy 1.2115 and take profit 1.2205.
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