High inflation in the UK | 20 Enero 2022

20 Enero 2022, GBP/USD

High inflation in the UK

GBPUSD trading plan:

Inflation in Britain rose faster than expected to its highest in nearly 30 years in December. The annual rate of consumer price inflation increased to 5.4% from November's 5.1%, the highest since March 1992, the Office for National Statistics said. Financial markets now price in a more than 90% chance that the BoE will raise its main interest rate to 0.5% on Feb. 3. Last month it became the world's first major central bank to tighten policy since the start of the COVID-19 pandemic. Bank of England Governor Andrew Bailey said on Wednesday that he was concerned inflation pressures might prove longer-lasting than previously forecast, citing surging energy costs and signs that cost pressures are feeding into wage demands.

Investment idea: buy 1.3600 and take profit 1.3661.


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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