New measures are not needed now in Britain | 04 January 2022

04 January 2022, GBP/USD

New measures are not needed now in Britain

GBPUSD trading plan:

New measures are not needed now in Britain to fight the Omicron variant, which is "plainly milder" than earlier forms of the coronavirus, Prime Minister Boris Johnson said. "The way forward for the country as a whole is to continue with the path that we are on," he told broadcasters. "Of course, we will keep all measures under review, but the mixture of things that we are doing at the moment is I think the right one." Johnson said pressure on hospitals would be "considerable" in the next couple of weeks, but Omicron was "plainly milder" than previous variants, and the country was in a stronger position than it was earlier in the pandemic. This is a positive signal for the British currency.

Investment idea: buy 1.3450 and take profit 1.3500.

David Johnson
Analyst of «FreshForex» company
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