A mixed background is being formed today

15.11.2021

A mixed background is being formed today. On the one hand, we can expect a decline in quotations against the background of rising dollar interest rates on the interbank market in London, which will support the American currency. It should be noted that interest rates on the interbank market are also showing growth for the pound, but this growth is slower than for the dollar.

On the other hand, investors are buying out drawdowns in stock indices and quotes for the world’s leading stock indicators are showing growth, which indicates that demand for “risky assets” remains high. This is a welcome signal for the pound, inasmuch as the British currency has historically been correlated with high yielding assets.

Trading recommendation: flat 1.3380 – 1.3480.