No important events are expected today.

According to the CFTC, investment stocks have been shorting the British currency for the second week in a row. Investors fear the onset of a recession in the British economy. Political instability also carries risks – incumbent Prime Minister Boris Johnson, who is due to leave office in two months, has urged members of the Conservative Party to vote against Rishi Sunak, whom he considers his enemy.

At the same time, for investors, Sunak looks like a pretty good candidate for the post of prime minister, because he knows the current problems in the British economy and, at the beginning of his premiership, he can announce a number of stimulus measures aimed at recovering the economy.

Taking into account the factors described above, it is now advisable to use the growth of quotes to the nearest resistance levels to open Sell positions, counting on the continuation of the downtrend.

Recommendations: Sell 1.1933/1.1965 and Take Profit 1.1865.