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Good news has been bad news

Good news has been bad news | 27 February 2023

27 February 2023, GBP/USD

Good news has been bad news

GBPUSD trading plan:

The dollar held a seven-week peak, as another round of data showing still-high inflation reinforced expectations that interest rates could stay higher for longer. Hotter-than-expected data has helped the greenback to strengthen against many of its major peers last week. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1.8% last month, according to the Commerce Department. Strong U.S. data have completely turned the market in February.

Investment idea: range 1.1925 - 1.2025.

David Johnson
Analyst of «FreshForex» company
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