12 August 2021, GBP/USD
GBPUSD trading plan:
U.S. consumer prices increases slowed in July even as they remained at a 13-year high on a yearly basis and there were tentative signs inflation has peaked. The consumer price index increased 0.5% last month after climbing 0.9% in June, the Labor Department said. In the 12 months through July, the CPI advanced 5.4%. The drop in the month-to-month inflation rate was the largest in 15 months. Excluding the volatile food and energy components, the CPI rose 0.3% after increasing 0.9% in June. That was the smallest gain in four months and the first deceleration in the so-called core CPI since February.
Investment idea: buy 1.3851 and take profit 1.3908.
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