Britain’s PMI Composite hit a seven-month maximum in March against the background of rising business activity in industry and services. Purchasing managers of the largest British corporations expect the lifting of coronavirus restrictions in the coming month against the backdrop of large-scale vaccination of the population.

The Bank of England expects acceleration of GDP growth from the second quarter. This is a positive signal for the pound! Meanwhile, in the interbank lending market in London, the three-month dollar rate of Libor reached a three-week maximum, which indicates an increased demand for dollar loans. This factor will have a positive influence on the value of the dollar.

Investment idea: flat 1.3660-1.3750.