Front-loading policy | 13 January 2023

13 January 2023, GBP/USD

Front-loading policy

GBPUSD trading plan:

Federal Reserve policymakers expressed relief that price pressures were easing, paving the way for a possible slowdown in interest rate hikes, but they signaled the U.S. central bank's target rate was still likely to rise above 5% and stay there for some time despite market bets to the contrary. In fresh evidence that the Fed's aggressive policy tightening last year is having the desired effect, U.S. consumer prices fell in December in the first month-to-month decline in more than 2-1/2 years, and underlying inflation slowed, government data showed. In the 12 months through December, the so-called core CPI increased 5.7%, the smallest gain since December 2021.

Investment idea: buy 1.2187 and take profit 1.2270.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .