Bank of England rate futures indicate a 100% probability of a rate hike at the December meeting of the British monetary regulator. The futures market is never wrong in its predictions, inasmuch as this market is traded by insiders who communicate closely with the heads of central banks.

This is a good boost for the pound, insofar as the Bank of England will be the first of the world’s largest central banks to raise interest rates in the coming months. Neither the Fed, nor the ECB, nor the Bank of Japan are planning to raise interest rates in the next six months. Additional support for the pound may be provided by the continuation of the upward trend in the oil market, inasmuch as OPEC+ continues to overfulfill its agreement by 15%, which increases the structural deficit in the supply of black gold on the world market.

Trading recommendation: buy 1.3390/1.3365 and take profit 1.3466.