Important events today:

13:30 UTC – USA: Inflation rate for December.

The British pound is well supported by twice the interbank Libor rate against the dollar over the past three months. This is a significant signal of demand for the GBP for investors. Although the demand for the dollar is quite high, the situation for the pound looks more positive.

The US Federal Reserve may also raise rates, but this will not happen before the first half of March, which gives the pound a slight head start. At the meeting on January 26, the Fed will not raise interest rates, as the easing program has not yet been completed. The afternoon may show a downward correction after the US inflation release for December.

Recommendations: Buy 1.3619 / 1.3590 with TP 1.3655.