The Bank of England has published statistics on changes in the money supply, which we can compare with the statistics of the US Federal Reserve. The growth rate of the money supply in the United Kingdom is 13.4%, comparing to 27% in the United States. Insofar as the indicator is twice as high in the United States, this factor will have a negative influence on the value of the dollar.

In the past, the surplus of dollar liquidity in the financial system has always led to the devaluation of the American currency. Of course, we will not see the dollar collapse, the devaluation will be seamless. Against this background, it is advisable to use a decrease in quotes in this currency pair to open Buy positions.

Investment idea: Buy 1.3670/1.3650 and take profit 1.3735.