GBPUSD – A mixed background is forming today

01.02.2022

Important events today:

15:00 UTC – USA: ISM manufacturing index.

The British currency now has good opportunities both to go to the low of the past week and to show growth in the 1.3500 area. The decline in quotes may occur on the negative dynamics of the interbank lending market in London, where there is a strong increase in dollar Libor rates, which indicates a high interest of bankers in the US currency.

On the other hand, in the evening we can expect the publication of negative statistics from the United States on the ISM Manufacturing PMI index. The market is waiting for a slowdown in the growth of business activity in the industry against the backdrop of a high incidence of coronavirus.

Decisions: flat 1.3357 -1.3500.