Events, which should be paid attention to today:
21.00 Moscow time. USA: The decision of the US Federal Reserve at the interest rate.
GBPUSD:
for today you can distinguish two reasons for pound purchases. Firstly, a good demand is again observed in the British public debt market, which is favorable for pound quotations. It is the public debt market in recent weeks that determines the trends in the British currency – during periods of sales of government bonds, the pound is cheaper, during periods of rally in debt papers, the pound is getting more expensive. I will not say that there is now a rally, but there is a demand that cannot but rejoice. Secondly, the positive dynamics of the oil market will provide an additional support, since the British currency historically correlates with oil. OPEC+ countries have begun reduction in black gold mining, and investors are waiting for the US Ministry of Energy to begin to replenish its strategic reserve, which this year has pretty much lost weight due to the desire of Joe Bayden to reduce energy prices before the congress elections. Elections in The American parliament will be held on the next Tuesday and after that the US Treasury will begin to buy oil for a strategic reserve, which, in conjunction with a decrease in OPEC+production, will form a stable upward trend in the oil market.
Trade recommendation: Buy 1.1474/1.1435 and Take Profit 1.1570.