07 Juli 2021, GBP/USD
GBPUSD trading plan:
Fed officials opened debate on dialing down their $120 billion a month of bond purchases at the June 15-16 meeting and since then most Fed policymakers have offered broadly bullish views of an economy that by many measures is sprinting out of a recession triggered by the global COVID-19 pandemic. A number have signaled they see the recent run of job gains and above-target inflation as representing "substantial further progress" toward the Fed's maximum employment and price stability goals, a benchmark that would allow them to start tapering their asset purchases. More clues on just when and how the U.S. Federal Reserve may begin to cut its pandemic-induced bond-buying spree are likely to emerge on today, when the central bank publishes minutes of last month's pivotal meeting.
Investment idea: range 1.3777 - 1.3860.
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