13 Juli 2021, GBP/USD
GBPUSD trading plan:
U.S. consumers expect the economy to continue its rapid resurgence from the COVID-19 pandemic over the next year, with forecasts for inflation, earnings, income growth and spending all increasing in June, according to a monthly survey released by the New York Federal Reserve. One-year-ahead median inflation expectations jumped for the eighth consecutive month to 4.8% in June, up from 4.0% in May and marking a new series high since the survey was launched in 2013. The Fed's preferred inflation gauge has surged to the fastest annual pace since 1992 and is well above the central bank's 2% target. This is a negative signal for the dollar!
Investment idea: buy 1.3855 and take profit 1.3911.
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