The UK National Statistics Office will publish its March labor market release today. We should not expect the release of positive data today, inasmuch as large-scale vaccination of the population started precisely in March, and we will receive good statistics starting in April. Meanwhile, we will not see bad news today either. Today I expect the growth of the pound for two reasons. Firstly, there is a surplus of dollar liquidity in the financial system, which will have a negative influence on the value of the American currency.

Secondly, rising oil prices will provide additional support for the pound, insofar as the energy sector accounts for about 10% of British GDP.

Trading recommendation: Buy 1.4135/1.4110 and take profit 1.4200.