11 November 2021, GBP/USD
GBPUSD trading plan:
President Joe Biden is still weighing whether to keep Jerome Powell as chair of the Federal Reserve for a second term or elevate Fed Governor Lael Brainard to the post, an administration official said. The White House is cognizant of pressure from both moderates and progressives within the Democratic Party about the choice. "There are pressures going both ways for both finalists," the official said. Brainard is seen as more dovish on monetary policy and as a stronger hand on bank regulation. It is unclear how much support her nomination would muster from Republicans.
Investment idea: buy 1.3401 and take profit 1.3465.
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