Important events today:

08:00 UTC – EU: PMI Composite Index.

08:30 UTC – GB: Composite PMI.

There is optimism in the energy market, which may provide local support for the pound as the British currency is historically correlated with oil prices. OPEC+ countries are reducing hydrocarbon production, which pushes up oil quotations.

On the other hand, in the U.S. debt market, the yield on 10-year government bonds is moving briskly upward, which has consolidated behind the mark of 4.2% and now the road is open to a multi-year high, which is located at 4.36%, which will be accompanied by a strong strengthening of the U.S. dollar against major competitors. Against this background, the growth of quotes to the nearest resistance levels is advisable to use for opening positions for sale.

Recommendations: Sell 1.2634/1.2670 and TP 1.2535.