On the interbank lending market in London, there is an increase in interest rates on loans in pounds, which signals the impending tightening of the monetary policy of the Bank of England, the next meeting of which will take place tomorrow. In my opinion, the regulator will not raise interest rates tomorrow, but will announce that it will be done at subsequent meetings.

In the area of 1.3550, the British currency may be interesting for short-term buying based on changes in the monetary policy of the Bank of England. Additional support for the pound may be provided by the oil market, where we can expect an increase in quotations of the main benchmark grades of black gold, inasmuch as the OPEC+ countries do not want to increase production, which will maintain a structural deficit in the supply of hydrocarbons in the coming months.

Trading recommendation: buy 1.3550/1.3530 and take profit 1.3620.