GBPUSD – Flat
GBPUSD trading plan:
The U.S. Federal Reserve is still monitoring the situation in the banking industry very carefully, Fed Chair Jerome Powell said. „We are very reluctant to say“ if the sector’s turmoil is over, Powell said during an event held by the Spanish central bank in Madrid. „Our job is to worry about things.“ There are still some funding vulnerabilities in the U.S., Powell added, giving part of the real estate market as an example. Earlier this month, Powell said that commercial real estate lending remains under pressure but appears unlikely to threaten the broader financial system. With U.S. inflation well above the Federal Reserve’s 2% goal and a labor market that’s still very tight, most of the central bank’s policymakers expect they will need to raise interest rates at least twice more by year’s end, Fed Chair Jerome Powell said.
Investment idea: sell 1.2675 and take profit 1.2600.
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