04 January 2023, GBP/USD
GBPUSD trading plan:
British rail workers kicked off the new year with a week-long strike, disrupting the return to work for millions of commuters in the latest bout of industrial action to hit the country. Repeated rail strikes have crippled the network in recent months while nurses, airport staff, paramedics and postal workers have also joined the fray, demanding higher pay to keep pace with inflation that is hovering around 40-year highs, reaching 10.7% in November. The government has said it cannot afford to give public sector workers an inflation-matching rise, meaning there is no end in sight to what has been dubbed a new "winter of discontent" in reference to the industrial battles that gripped Britain in the late 1970s.
Investment idea: sell 1.2030 and take profit 1.1970.
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