New monetary policy | 28 أغسطس 2020
28 أغسطس 2020, GBP/USD
GBPUSD trading plan:
Fed officials have said in the past few weeks that economic growth will be subdued as the COVID-19 pandemic will negatively impact consumer spending. D. Powell noted that inflation in the United States has rarely exceeded 2% in the past two decades, so the Fed will not worry and take action if inflation rises above this level for several months. Keeping the Fed rates low for a long time will contribute to the continuation of the upward trend in this currency pair.
Trading recommendation: Buy 1.3280 and take profit 1.3337.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
