The surplus of dollar liquidity on the interbank lending markets in New York and London signals a decline in the dollar and an increase in quotations of this currency pair. Interest rates on the interbank market fell again quite strongly after the growth in early March. The bankers have a surplus of dollars again and during such periods it is difficult to expect the strengthening of the American currency.

Additional support for the pound may be provided by the commodity market, where I expect the continuation of upward trend in oil against the background of a reduction in hydrocarbon production by OPEC+.

Investment idea: Buy 1.3915/1.3895 and take profit 1.4000.