A mixed background is being formed today. On the one hand, we can expect a decline in quotations against the background of the withdrawal of dollar liquidity from the financial system through the auction of US Treasury Department for the placement of treasury bonds, which provides short-term support for the dollar.

On the other hand, lenders can quickly buy out this correction, inasmuch as the market has formed a stable expectation that the Bank of England on its next meeting on November 3 announces a reduction in stimulus measures, and therefore, it will become the first one of the biggest world Central Banks who took such a step. This factor, in turn, is positive for the pound.

Trading recommendation: flat 1.3670 – 1.3765.