15 July 2021, GBP/USD
GBPUSD trading plan:
Bank of England Governor Andrew Bailey said the central bank would first “assess” the inflation data for things that could be temporary, before taking a call on tightening the money supply. “What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory,” Bailey told the Business Live in an interview. This is a negative signal for the British currency. Any move to reduce support for the economy, by first slowing the U.S. central bank's $120 billion in monthly bond purchases, is "still a ways off," Powell said, with 7.5 million jobs still missing from before the pandemic. This is a negative signal for the dollar.
Investment idea: range 1.3830 -1.1920.
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