Oil prices are approaching a two-month maximum, which is positive for the British currency, inasmuch as assets are historically correlated with each other. The European Union and the United States are planning to lift coronavirus restrictions on the population and business in early summer, which will boost the consumption of petroleum products.

Investors are already playing out this factor and buying oil futures in advance. Insofar as the OPEC+ countries will steadily increase production from May to July, the supply deficit will remain on the oil market, which will allow prices to gain a foothold above the psychological level of $70 per barrel.

Investment idea: Buy 1.3870/1.3845 and take profit 1.3951.