10 July 2023, GBP/USD
GBPUSD trading plan:
Chicago Federal Reserve Bank president Austan Goolsbee said he does not disagree with his fellow US central bankers that rates will need to rise a couple more times this year to beat back too-high inflation. The Fed held its policy rate steady last month, targeting a 5%-5.25% range, but two-thirds of policymakers signaled they expect at least two more rate hikes by year's end, given still unacceptably high inflation. Remarks from Goolsbee previously sounded more skeptical of the need for further rate hikes on top of what the Fed has already done. "The Fed's overriding goal right now is to get inflation down," Goolsbee said.
Investment idea: range 1.2755 -1.2865.
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