17 February 2022, GBP/USD
GBPUSD trading plan:
Britain's inflation rate hit its highest since March 1992 in January when it rose to 5.5% and is expected to extend its climb to above 7% in April, prompting fears of the sort of wage-price spiral that once dogged the country's economy. The British central bank was only given an inflation target in October 1992, after the country fell out of the European Exchange Rate Mechanism which had kept sterling pegged against a basket of other European currencies. Bank Rate is currently at 0.5%. It is expected to rise as the BoE seeks to stamp out any long-term increase in inflation expectations, but only to about 2% in a year's time, according to interest rate futures markets.
Investment idea: buy 1.3563 and take profit 1.3629.
In January, traders faced an uncertain, but very volatile situation in the markets: popular stock indices rose and fell in value, technology stocks have been made cheaper, and oil rose moderately but significantly. During such periods, it is especially important to know which instruments can bring profit.
Our analysts have created an investment portfolio that will smooth out anxiety and tell you about profitable instruments in February. The expected income on the portfolio could be 10%.
2 steps to get the Invest-portfolio:
✔ Make a deposit of $90 or more until February 28. You fully use these funds in trading.
✔ Send a request to school@freshforex.com with your account number funded.
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