The London interbank lending market has seen an increase in the benchmark three-month dollar LIBOR rate, which signals the demand for US currency from bankers. It is too early to conclude how stable this demand is. It is possible that before the Fed meeting, which is scheduled for Wednesday, September 22, investors “accelerate” the USDX dollar basket index up so that later, after the Fed meeting, the dollar could be sold at a high price.

The continuation of the uptrend in the oil market will support the pound, inasmuch as the rise in oil prices has a positive influence on the UK GDP.

Trading recommendation: flat 1.3680 – 1.3780.