GBPUSD – Flat
GBPUSD trading plan:
The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline across all horizons. Median one- and three-year-ahead inflation expectations continued their steep declines in August: the one-year measure fell to 5.7% from 6.2% in July, while the three-year measure fell to 2.8% from 3.2%. Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—decreased at the short-term horizon and was unchanged at the medium-term horizon. Median one-year-ahead expected earnings growth remained unchanged at 3.0% in August for the eighth consecutive month.
Investment idea: buy 1.1695 and take profit 1.1751.
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