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The U.S. Treasury could extend its ability to borrow

The U.S. Treasury could extend its ability to borrow | 10 May 2021

10 May 2021, GBP/USD

The U.S. Treasury could extend its ability to borrow

GBPUSD trading plan:

U.S. Treasury Secretary Janet Yellen said the nation could exhaust its ability to borrow this summer even if Treasury takes «extraordinary actions» to buy more time when the nation’s debt ceiling comes back into effect at the end of July. Yellen told reporters at the White House that while the Treasury could extend its ability to borrow by employing special measures if Congress did not act to raise the debt ceiling, those steps might buy only a «very limited» amount of time. «We are concerned that there are scenarios that give very limited amount of additional time to use extraordinary measures», - Yellen added. «There are scenarios in which some time during the summer» room would run out even after special measures were employed, she said.

Investment idea: buy 1.4040 and take profit 1.4100.

David Johnson
Analyst of «FreshForex» company
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