No important events are expected today.

Today, a mixed background is being formed. On the one hand, we can expect quotes to decline against the background of negative dynamics of the interbank lending market in London, where there is a decrease in rates on loans in pounds and an increase in dollar rates. This trend will increase week by week as the US Federal Reserve will be more active than the Bank of England in tightening monetary policy. This applies not only to the increase in the discount rate, but also to the sale of assets.

On the other hand, a bullish rally in the oil market could have a positive impact on the value of the British currency, as the pound has historically correlated with oil prices. Black gold is now trading at a two-month high amid a shortage of supply in the global oil market. Production is now about 1 million barrels per day less than consumption, and this figure may increase in the coming month, as there is traditionally increased demand for oil and oil products in the summer.

Recommendations: Fluctuations in the range of 1.2450 -1.2550.