Is the British pound aimed at testing the psychological level of 1.4000? I think yes. This week, the US financial authorities, by their joint actions (Ministry of Finance + FRS), are forming a surplus of dollar liquidity in the financial system, which will support the British currency. On the commodity market the day before, copper was among the growth leaders, adding almost 4%.

Today I expect increase in oil prices, inasmuch as copper is almost always a leading indicator for energy. In turn, the rise in oil prices is positive for the pound, insofar as the pound has been historically correlated with BRENT oil.

Investment idea: Buy 1.3880/1.3855 and take profit 1.4000.