No important events are expected today.

There is a lull in the British government debt market – traders stopped actively buying government bonds, which is negative for the pound, as their purchases provided good support for the British currency last month. At the interbank in London, rates on loans in pounds are growing faster than in the U.S., which signals the interest of bankers in the British currency.

Financial media at the end of last week wrote that a strong release on the U.S. labor market indicates that the U.S. Federal Reserve will continue to aggressively raise interest rates, but there is nothing like that at the interbank – bankers are not lining up for the dollar. Against this background it is reasonable to use the decrease of the quotes to the nearest support levels for buying.

Recommendations: Buy 1.2035/1.2000 and TP 1.2140.