The Bank of England published a release, where it reported a 28% reduction in spending on debit and credit cards in the first half of February. The share of people on vacation and working from home has increased insofar as the country remains isolated due to the coronavirus. On the one hand, this is a negative signal for the British economy.

On the other hand, the market is now showing little interest in these reports, since a substantial surplus of dollar liquidity in the financial system will have a positive influence on the value of the pound.

Investment idea: Buy 1.3960/1.3940 and take profit 1.4005.