The British currency is aiming to renew its two-year maximum! Positive statistics on the labor market in the United Kingdom allows relying on the growth of quotations of the British currency. The growth rate of average salary in Britain has reached its highest level this year. Growth in income promotes spending, which increases GDP. The oil market may provide additional support to the pound, insofar as the assets are correlated with each other.

Biden will announce today that he is cutting off all new oil and gas supplies from the federal territories of the United States. Biden de facto bans the fracking that shale companies use. This factor can provide good support for the black gold quotes.

Investment idea: Buy 1.3710/1.3690 and take profit 1.3765.