01 March 2023, GBP/USD
GBPUSD trading plan:
The U.S. trade deficit in goods increased moderately in January, with both imports and exports rising solidly, leaving trade on track to have little or no impact on gross domestic product growth early in the first quarter. The goods trade deficit widened 2.0% to $91.5 billion, the Commerce Department said. This left the goods trade deficit slightly above the fourth-quarter average. Goods imports increased 3.4% to $265.3 billion. Motor vehicle imports surged 9.0% while imports of consumer goods jumped 6.4%. There were also increases in imports of food and capital goods. But imports of industrial supplies, which include crude oil, fell as did those of other goods.
Investment idea: buy 1.2025 and take profit 1.2105.
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