The week started on a positive note for “risky assets”, which is favorable for the pound, which has historically been correlated with the commodity market and stock indices. This week the markets are not the main irritant of recent days – the US Treasury will not hold auctions for the placement of Treasury bonds.

Moreover, on Friday, the Treasury will redeem $6 billion of bonds, which will put short-term pressure on the dollar. Therefore, the pound now has an excellent opportunity to compensate for some of the lost positions after the meeting of the Bank of England.

Trading recommendation: buy 1.3550/1.3525 and take profit 1.3612.