Today the pound may perform well during the day, inasmuch as key factors favor the British currency. Firstly, on the interbank lending market in London, dollar interest rates are falling again, which is negative for the American currency.

Secondly, oil is showing good growth this week, which is positive for the pound, inasmuch as assets are historically correlated with each other. On the eve, US President Joe Biden called on OPEC to increase oil supplies, but the oil cartel members ignored this request and do not intend to change the OPEC+ agreement, which has a beneficial influence on oil prices.

Trading recommendation: Buy 1.3840/1.3810 and take profit 1.3910