Let’s buy a pound for three reasons. Firstly, the UK can delight us today with positive statistics on industrial production, inasmuch as vaccination of the population in Britain is gaining momentum. The United Kingdom leads the European countries in terms of vaccination rates. At the moment, 51.8% of the adult population is vaccinated. For example, in Germany this figure is 34%, and in France 31%.

Secondly, the statistics on inflation in the US for May did not frighten investors in the debt market at all, which indicates their unwillingness to buy the dollar.

Thirdly, yesterday OPEC published its traditional monthly release, where the oil cartel increased its forecast for growth in oil demand for the second half of the year, which will have a positive influence on oil quotes and the British pound, inasmuch as assets are correlated with each other.

Trading recommendation: Buy 1.4155/1.4120 and take profit 1.4220.