Important events today:

15:30 UTC – US: crude oil inventory data from the Department of Energy.

The decline of quotations in the area of the nearest support levels is reasonable to use for buying for two reasons. Firstly, on the market of the British government debt there is a good demand for the securities of the Ministry of Finance, which is favorable for the growth of the pound quotes, as the assets are strongly correlated with each other.

Secondly, Libor dollar interest rates are falling in the interbank lending market in London – bankers apparently think that it is necessary to wait for the U.S. Federal Reserve meeting, which will be held next Wednesday, to assess the prospects for further monetary policy changes in the American financial system. It is a negative signal for the USD.

Recommendations: Buy 1.2085/1.2050 and TP 1.2180.