J. Powell clarifying the order of monetary policy | 15 Abril 2021

GBPUSD trading plan:

The Fed is currently buying $120 billion a month in government-issued and government-backed securities, and has pledged to continue doing that until the economy is more fully recovered. The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said, clarifying the order of monetary policy changes that are still months if not years in the future. «We will reach the time at which we will taper asset purchases when we have made substantial further progress towards our goals from last December», Powell said in comments to the Economic Club of Washington. This is a negative factor for the dollar!

Investment idea: buy 1.3760 and take profit 1.3820.