GBPUSD – Flat
GBPUSD trading plan:
Two Federal Reserve officials on Wednesday said more interest rate rises are in the cards as the U.S. central bank presses forward with its efforts to cool inflation, but declined to say whether unexpectedly hot jobs data would push them back to a more aggressive monetary policy stance. Moving to a federal funds rate of between 5.00% and 5.25% „seems a very reasonable view of what we’ll need to do this year in order to get the supply and demand imbalances down,“ New York Fed President John Williams said. Fed Chair Jerome Powell said „if we continue to get, for example, strong labor market reports or higher, higher inflation reports, it may well be the case we have to do more“ with rate rises over time.
Investment idea: range 1.2065 -1.2165.
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