Britain plans to gradually cancel lockdown

29.03.2021

The UK is starting to gradually lift coronavirus restrictions from April 12, inasmuch as vaccination of the population gains momentum and British epidemiologists say the situation will be under control. For the pound, this is a positive signal, insofar as the British economy may show more growth this year than the eurozone economy, and against this background, speculative capital will move from European assets to British ones.

Additional support for the pound will be provided by the oil market, where quotations are growing against the background of the termination of navigation on the Suez Canal due to the container ship Ever Given, which ran aground and blocked traffic.

Investment idea: Buy 1.3750/1.3730 and take profit 1.3800.