Important events today:

At 10:00 Moscow time – UK: change in the volume of retail trade.

Following the December meeting, the Bank of England made a holiday surprise for everyone – it raised the discount rate to 0.25%. Among 9 members of the Monetary Policy Committee, only one voted against the rate hike, the other eight supported the proposal. But the monetary regulator did not stop printing the currency in connection with the quantitative easing program.

Often, the transition to an increase in rates is undertaken by central banks after the completion of QE, but the Bank of England, apparently, has its own plans. This rate hike should not significantly affect the country’s economy, but for investors who expected GBP growth, this is a good sign.

Recommendation: Buy 1.3304 / 1.3275 with TP 1.3370.