13 Juni 2022, GBP/USD
GBPUSD trading plan:
The British public's expectations for the rate of inflation in a year's time have risen to their highest in records going back to 1999, a quarterly survey by the Bank of England showed. The public's median inflation expectation for 12 months' time rose to 4.6% in May, up from 4.3% in February's survey. Expectations for two- and five years' time rose to 3.4% and 3.5%, the highest since 2013 and 2019 respectively. The Bank of England had warned at its latest meeting that it expects to keep raising interest rates despite the economy heading for a contraction later this year, under pressure from big rises in regulated energy prices and this year's tax increases.
Investment idea: sell 1.2274 and take profit 1.2211.
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