No important events are expected today.

Positive statistics on business activity and industry in the UK pleased investors. Both indicators exceeded all expectations, especially the PMI for the services sector, which updated a maximum of eight months. In the first quarter, we should expect the economic growth of the United Kingdom, as the service sector forms the basis of the country’s GDP.

Investors continue to buy drawdowns and keep oil contracts, as there are fears of problems in supplies from the Russian Federation against the backdrop of the geopolitical situation in Eastern Europe. This may provide support for the pound, as the assets are correlated with each other. Oil supplies from Russia account for almost 5% of the world’s daily oil consumption. To quickly replace such a volume is very problematic even for joint actions of the United States and Saudi Arabia.

Recommendations: Buy 1.3555/1.3525 with TP 1.3595.