12 December 2022, GBP/USD
GBPUSD trading plan:
U.S. consumer sentiment improved in December amid recent gains on the stock market, while inflation expectations based to a 15-month low, a fresh survey showed. The University of Michigan's preliminary December reading on the overall index of consumer sentiment came in at 59.1, up from 56.8 in the prior month. The survey's reading of one-year inflation expectations fell to 4.6%, the lowest reading in 15 months, from 4.9% in November. Its five-year inflation outlook was unchanged at 3.0% in November. This is a positive signal for the dollar.
Investment idea: sell 1.2268 and take profit 1.2188.
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