Biden released details of the $1.9 trillion | 15 January 2021

15 January 2021, GBP/USD

Biden released details of the $1.9 trillion

GBPUSD trading plan:

Biden released details of the $1.9 trillion “American Rescue Plan” on Thursday, which includes a wave of new spending, more direct payments to households, an expansion of jobless benefits and an enlargement of vaccinations and virus-testing programs. In prime-time remarks, Biden outlined a proposal that includes $415 billion aimed at the COVID-19 response, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities hard hit by the pandemic. This is a negative signal for the US currency.

Investment idea: Buy 1.3651 and take profit 1.3670.

David Johnson
Analyst of «FreshForex» company
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