A mixed background is being formed today. On the one hand, we can expect a decline in quotations against the background of the possible introduction of lockdowns in other countries, inasmuch as this will lead to a decrease in the UK trade balance with the EU countries.

The British authorities do not plan to impose lockdowns, but with a lockdown in Germany, the British economy will suffer losses and this is quite unpleasant, insofar as British business relied on growth during the Christmas sales. On the other hand, investors may start building up their “longs” now, inasmuch as they expect an increase in the interest rate of the Bank of England at the December meeting.

Trading recommendation: flat 1.3400 – 1.3488.