Important events today:

9:30 UTC – UK: Composite PMI.

The decline of quotations in the area of the nearest support levels is reasonable to use for purchases in the expectation of the continuation of the uptrend. The British government debt market remains optimistic – investors are actively buying British government bonds. While last month the market was buzzing with rumors that a number of British pension funds might go bankrupt, now the situation is stable because the Bank of England timely saw the problems and “put out the fire”.

Secondly, there is a good demand in the oil market, which is also positive for the British currency, as assets correlate with each other. Saudi Arabia is denying rumors of an impending increase in OPEC+ oil production, which encouraged traders to buy oil futures.

Recommendations: Sell 1.1850/1.1815 and TP 1.1935.