Important events today:

11:00 UTC – GB: Bank of England interest rate decision.

The Bank of England will announce the results of its monetary policy meeting today, where it may raise interest rates by 0.25%. This outcome is indicated by the dynamics of the debt market – since the last meeting of the monetary regulator on May 5, the yield on short-term British government bonds has increased by 0.33%. Investors do not believe in a strong rise in interest rates, even despite the high inflation in the United Kingdom.

At the same time, the US Federal Reserve raised the rate by 0.75% the day before and signaled to the market that at the next meeting on July 27 it could again raise the rate by the same amount. Thus, the difference in interest rates increases in favor of the States, which is favorable for the growth of the dollar.

Recommendations: Sales 1.2168/1.2205 with TP 1.2075.