Important events today:

15:00 UTC – US: secondary market home sales volume.

The background for today is mixed. On the one hand, it is possible to expect the decrease of quotations amid the negative dynamics of the British government bond market, where investors are fixing the profit on “longs” after the long uptrend.

The decline of the government debt market will have a negative impact on the value of the pound. On the other hand, the oil may show some growth today against the background of the reduction of the hydrocarbon reserves in the American storages that will have a favorable effect on the pound value, as the assets are historically correlated with each other.

Recommendations: flat 1.2095 – 1.2195.