14 Tháng Chín 2023, GBP/USD
GBPUSD trading plan:
The August CPI data provides an updated view of the inflation situation in the United States. While certain components of the report indicate inflation is slowing, there are underlying variables that continue to influence the total rate. According to the August CPI report, consumer prices rose by 3.7% year over year, a minor increase from the 3.2% annual rate recorded in July. Although this is a reduction from the high levels seen in 2022, it is crucial to remember that inflation remains considerably above the Fed’s 2% target. Core inflation rose 4.3% from a year ago and will continue to decelerate as rent prices are expected to slow in the coming months. Yields on the 2-year Treasury are trading below yesterday’s close, indicating that markets are taking the latest inflation report in stride as the Federal Reserve is expected to keep rates unchanged at its upcoming meeting. The inflation rates continue to be higher than the Fed’s target.
Investment idea: sell 1.2510 and take profit 1.2444.
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