Quotes in the Pound/Dollar pair have fallen and now it’s important to open long positions for two reasons. In the US debt market there is an increase in the yield spread between bonds over 2 years and over 10 years. These data are close to 1 percent but a month ago they were equal to 0.76 percent. Increasing of yield spreads always had bad influence on dollar.

A bullish rally in the oil market will provide additional support for the British currency because assets are correlated well. The oil market rose to 6 percent last week due to decrease in hydrocarbon production by Saudi Arabia.

Investment idea: Buy 1.3490 / 1.3470 and take profit 1.3540.