Federal Reserve to tightened policy sooner | 26 يناير 2021

GBPUSD trading plan:

The Federal Open Market Committee's two-day meeting is expected to culminate in a decision to keep rates on hold within the 0% to 0.25%. The pace of monthly bond purchases is expected to be maintained at monthly pace of $120 billion. With the Fed widely expected to stand pat on monetary policy, investor attention will focus on the tone from the central bank concerning its economic outlook. The economic recovery has come under pressure recently from rising infections that have forced further lockdowns but the outlook appears more sanguine over the medium-to longer-term that may likely encourage the Federal Reserve to tightened policy sooner than expected.

Investment idea: range 1.3620 -1.3680.