Pound aims to update yearly maximum

21.05.2021

Today I expect the growth of the British currency. It is time for the pound to renew its annual maximum and aim at testing the extremum of 2018, which is located at 1.4375. Vaccination of the population in Britain against coronavirus infection is gaining momentum.

At the moment, 43.8% of the adult population has been vaccinated, which is the highest figure among the 10 largest world economies. Additional support will be provided by the dynamics of the interbank lending market in London, where dollar rates have renewed their historical minimum again.

Trading recommendation: Buy 1.4168/1.4140 and take profit 1.4240.