In the first half of the day, I do not expect high volatility in the market, inasmuch as investors will take a “wait-and-see” attitude before the publication of macroeconomic statistics from the US and the OPEC+ meeting. As for the first event, the market expects a decrease in the indicator of business activity in the American industry. We can agree with this consensus, inasmuch as after the rapid growth in the first half of the year, the industrial sector is now showing a slight decline in the world.

As for the OPEC+ meeting, it is unlikely that there will be any surprises, insofar as now there is a shortage of supply on the world market and the world’s largest exporters are planning to gradually increase production. These events will provide short-term support for the pound.

Trading recommendation: Buy 1.3720/1.3700 and take profit 1.3800.