13 February 2023, GBP/USD
GBPUSD trading plan:
Britain's economy showed zero growth in the final three months of 2022 - enough for it to avoid entering a recession for now - but faces tough prospects in 2023 as households continue to wrestle with double-digit inflation. Monthly gross domestic product data for December - when there were widespread strikes in the public sector, rail and postal services - showed a 0.5% contraction, the Office for National Statistics said. British living standards have been hammered by a surge in inflation, which hit a 41-year high of 11.1% in October, and firms and households will also feel an increasing impact from the BoE's rapid increase in interest rates since December 2021. Finance minister Jeremy Hunt said the British economy was not yet clear of difficulty, reacting to data which showed zero growth in the final quarter of 2022, but that Britain had avoided entering a recession.
Investment idea: range 1.2010 - 1.2110.
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