GBPUSD – Flat
GBPUSD trading plan:
U.S. Federal Reserve officials, who have tentatively embraced the possibility they can squelch inflation without a recession, meet this week with an autoworkers strike, a possible federal government shutdown, and a student loan squeeze on consumers posing new risks to that best-case outcome. With aggressive Fed interest rate hikes still working their way through the economy, banks tightening credit, and consumers reaching the end of pandemic-era savings, it may not take much to jolt the economy off course. With the Fed already expected to leave its policy rate at between 5.25%-5.5% at its Sept. 19-20 meeting, any emerging risks may do little more than shift the atmosphere and language around the meeting.
Investment idea: sell 1.2411 and take profit 1.2345.
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