23 May 2023, GBP/USD
GBPUSD trading plan:
The U.S. Treasury Department reiterated it expects to be able to pay the U.S. government's bills only through June 1 without a debt limit increase, leaving just 9 days for White House negotiators and congressional Republicans to reach a deal. Yellen said the estimates, in line with her last letter to Congress on May 15, were based on currently available data, but federal receipts, outlays and debt could still vary. She said she would update Congress as more information became available. Yellen has repeatedly warned that failure by Congress to raise the federal borrowing limit would unleash an "economic and financial catastrophe" for the U.S. and global economies.
Investment idea: range 1.2380 -1.2480.
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