15 March 2023, GBP/USD
GBPUSD trading plan:
U.S. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks. Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. There is a very high probability that in a couple of days we are back to normal and this whole run on the bank thing is history with the exception of the two that we have lost. So, if we do see the banks rally between now and next Wednesday, we will see the Fed raise at least 25 basis points. It is pretty wild, the whole thing
Investment idea: buy 1.2100 and take profit 1.2200.
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