GBPUSD – Flat
GBPUSD trading plan:
Federal Reserve policymakers expressed relief that price pressures were easing, paving the way for a possible slowdown in interest rate hikes, but they signaled the U.S. central bank’s target rate was still likely to rise above 5% and stay there for some time despite market bets to the contrary. In fresh evidence that the Fed’s aggressive policy tightening last year is having the desired effect, U.S. consumer prices fell in December in the first month-to-month decline in more than 2-1/2 years, and underlying inflation slowed, government data showed. In the 12 months through December, the so-called core CPI increased 5.7%, the smallest gain since December 2021.
Investment idea: buy 1.2187 and take profit 1.2270.
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