The driving up the size of the Fed's balance sheet | 17 March 2023

17 March 2023, GBP/USD

The driving up the size of the Fed's balance sheet

GBPUSD trading plan:

Banking stocks globally have been battered since Silicon Valley Bank collapsed last week due to bond-related losses that piled up when interest rates surged last year, raising questions about what else might be lurking in the wider banking system. Rapidly rising interest rates have made it harder for some businesses to pay back or service loans, increasing the chances of losses for lenders already worried about a recession. U.S. regulators said the show of support was most welcome, and showed the resilience of the banking system. Policymakers have emphasized that the current turmoil is different than the global financial crisis 15 years ago as banks are better capitalised and funds more easily available.

Investment idea: buy 1.2150 and take profit 1.2220.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus