03 March 2022, GBP/USD
GBPUSD trading plan:
Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia's invasion of Ukraine would add to risks in financial markets which have already been made volatile by a shift to higher interest rates. "The heightened perception of geopolitical risks, and the potential impacts on growth and inflation, can only increase risks around the adjustment away from riskier assets that is already underway," Cunliffe said. Cunliffe said any sudden jump in bets on future interest rate moves could trigger "sharp moves out of risky assets," while a drop in expectations about the economic outlook could amplify the shift.
Investment idea: sell 1.3438 and take profit 1.3375.