The Fed is widely expected to make few changes | 16 March 2021

16 March 2021, GBP/USD

GBPUSD trading plan:

The Fed is widely expected to make few changes to its current monetary policy. However, investor concerns about runaway inflation continue to grow, fueled by the global COVID-19 vaccine rollout, a $1.9 trillion stimulus package in the U.S., and optimism for a faster-than-expected global recovery from COVID-19. The benchmark ten-year Treasury yield was last at 1.61%, after climbing to 1.64% at the end of the previous week. British currency essentially marking time ahead of the FOMC meeting, which is keeping investors a little bit cautious.

Investment idea: range 1.3850 -1.3950.

David Johnson
Analyst of «FreshForex» company
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