The series of half-percentage point rate | 22 March 2022

22 March 2022, GBP/USD

The series of half-percentage point rate

GBPUSD trading plan:

Federal Reserve Chair Jerome Powell delivered his most muscular message to date on his battle with too-high inflation, saying the central bank must move "expeditiously" to raise rates and possibly "more aggressively" to keep an upward price spiral from getting entrenched. "The labor market is very strong, and inflation is much too high," Powell told a National Association for Business Economics conference. "There is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level, and then to move to more restrictive levels if that is what is required to restore price stability." This is a positive signal for the dollar.

Investment idea: sell 1.3147 and take profit 1.3050.

David Johnson
Analyst of «FreshForex» company
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