If at the beginning of the week the financial media staged a hysteria over the coronavirus in the UK, now this trend has faded. It is difficult for the media now to agitate for the sale of the pound and the lockdown in the United Kingdom, inasmuch as the surplus of dollar liquidity in the financial system has messed things up.

This week the US Treasury together with the Federal Reserve is actively increasing liquidity in the banking system, which has a negative influence on the value of the dollar. Additional support for the pound is provided by the commodity market, where the increased demand for hydrocarbons is observed again. Therefore, it is advisable to use a decrease in the pound to the nearest support levels to open Buy positions.

Trading recommendation: Buy 1.3680/1.3650 and take profit 1.3744.