25 May 2023, GBP/USD
GBPUSD trading plan:
U.S. Treasury Secretary Janet Yellen maintained early June as a debt ceiling default deadline and said she will update Congress shortly about government finances. Yellen said it was hard to be precise about exactly which day the U.S. government will run short of funds, but added that she will try to increase the level of precision on a date, based on incoming government receipts. Yellen said that she thought a deal that wins bipartisan support could be achieved, adding that President Joe Biden's negotiators have offered proposals that would reduce deficits by $1 trillion over 10 years, but did not specify how this would be achieved. Biden's fiscal 2024 budget request offered about $3 trillion in deficit reduction over a decade through tax increases in excess of major spending increases.
Investment idea: range 1.2320 - 1.2420.
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