GBPUSD – Flat
GBPUSD trading plan:
The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months, though some investors doubt the central bank will stick to its guns. The U.S. central bank left interest rates unchanged, in line with market expectations. But policymakers bolstered their hawkish stance with a further rate increase projected by the end of the year and monetary policy forecasts kept significantly tighter through 2024 than previously expected. Broadly speaking, higher rates for longer could be an unwelcome turn of events for stocks and bonds. The benchmark U.S. Treasury yield, which moves inversely to bond prices, already stands at its highest since 2007 after surging in recent months, and could continue climbing if rates remained high.
Investment idea: sell 1.2344 and take profit 1.2270.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
