On the eve, the Bank of England spent a regular meeting on monetary policy, where it kept the interest rate and incentive program at the same level. The monetary regulator pointed to expectations that economic growth in the United Kingdom will accelerate since summer against the background of the lifting of coronavirus restrictions that have held back business activity in industry and services. Industrial production is recovering faster and may exceed pre-coronavirus levels in mid-summer.

Meanwhile, the Bank of England pointed to a decrease in demand for bank loans, primarily from small businesses, which will not allow the British economy to demonstrate a shock rate of GDP growth. This problem is typical for many large economies now. The situation is similar in the United States.

Trading recommendation: Buy 1.3910/1.3880 and take profit 1.4000.