The fiscal crisis in the United States | 30 September 2021

30 September 2021, GBP/USD

The fiscal crisis in the United States

GBPUSD trading plan:

The slim-but-growing possibility of a fiscal crisis if Congress doesn’t act on the debt ceiling is getting increasing attention from investors. Some signs of nervousness are showing in U.S. markets as the U.S. Congress faces a pair of approaching deadlines to fund the government and address the nation's $28.4 trillion debt ceiling. It has a Sept. 30 deadline to avert the start of a shutdown of government services. Secretary Janet Yellen has urged Congress to act before Oct. 18 to avert "serious harm" to the economy.New York Federal Reserve Bank President John Williams warned of potential negative market reaction if no solution is found to the debt-ceiling issue.

Investment idea: range 1.3415 -1.3515.

David Johnson
Analyst of «FreshForex» company
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