No major events expected.

For the first time in 2021, GBP interest rates are higher than USD rates, which will have a positive impact on the British pound. The Bank of England is expected to raise its interest rate in the first half of next year, and the US Federal Reserve will raise it in the second.

In the next trading months, it is the dynamics of interest rates on the interbank market that will have a key influence on the quotes in the pair. This is justified by the fact that financial markets are moving towards tighter financial conditions. Accordingly, demand will grow for those currencies for which the Central Bank will aggressively raise interest rates.

Recommendation: Buy 1.3200 / 1.3175 with TP 1.3304.