Important events today:

19:00 UTC – US: Fed meeting.

The US Federal Reserve may raise the discount rate by 0.25 p.p. to 5% today, but this decision is already fully taken into account by the market. At the interbank in London, the dollar credit situation has stabilized. If at the beginning of last week the rates went sharply up and the bankers had an increased demand for the American currency, now the rates are smoothly decreasing, which is negative for the dollar.

The rise in oil prices will provide additional support to the pound. Russia decided to prolong oil production reduction by 500 thousand barrels per day until July 1, which will boost the price of black gold.

Recommendations: Buy 1.2178/1.2140 and TP 1.2285.