Delta variant of the coronavirus | 23 Agosto 2021

23 Agosto 2021, GBP/USD

Delta variant of the coronavirus

GBPUSD trading plan:

Dallas Federal Reserve President Robert Kaplan, among the U.S. central bank's most forceful supporters for starting to reduce support for the economy, said he may need to adjust that view if the Delta variant of the coronavirus slows economic growth materially. "So far, it's not having a material effect" on consumer activity like dining out, he said, but "it is having an effect in delaying return to office, it's affecting the ability to hire workers because of fear of infection," and may be affecting production output, he said. This is negative news for the U.S. currency.

Investment idea: buy 1.3640 and take profit 1.3702.


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.
David Johnson
Analyst of «FreshForex» company
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