Bank of England can provoke an increase in pound

Events that should be paid to today:

15.00 MSK. United Kingdom: decision at the main interest rate of the Bank of England.

15.45 MSK. Eurozone: Publication of the decision of the ECB at the main interest rate.


At pound today there are excellent opportunities to become the forex currency market leader if the Bank of England today promises investors to increase the interest rate at its first meeting in the next year, which will be held in early February. Is it possible to calculate on such an outcome? I think that the chances are high, because in the United Kingdom a strong labor market, and the inflation rate has significantly moved away from the purpose of the monetary authorities. An additional support for the pound will be an oil market, since assets historically correlated among themselves. Oil stocks in the United States decreases three weeks in a row and the figure has updated a three-year minimum, which is favorable for black gold quotes.

Trading Recommendation: Buy 1.3228 / 1.3200 and Take Profit 1.3330.