08 December 2021, GBP/USD
GBPUSD trading plan:
The benchmark U.S. 10-year Treasury yield rose for a second consecutive day, as concerns over the newly discovered Omicron COVID-19 variant continued to wane and boosted risk appetite. Economic data showed U.S. unit labor costs surged more than initially thought in the third quarter, accelerating at a 9.6% annualized rate versus the initially reported 8.3%, indicating high inflation could remain for some time. In addition, the U.S trade deficit narrowed sharply, which could mean trade will contribute to economic growth this quarter for the first time in over a year. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at 79.1 basis points.
Investment idea: sell 1.3300 and take profit 1.3245.
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