We took advantage of yesterday’s weakening of the US dollar and the buyers of the British pound. Having received support from the consumer price index at the beginning of the trading day (the figure was below the forecast level of 3.1% and amounted to 3.0%), the bulls first stabilized the situation, and by the end of the trading day they began to actively push the price up. However, it should be noted that some market participants perceived data on inflation ambiguously, since the growth of this indicator above the forecast level could be a signal for the Bank of England to further tighten monetary policy, however, it was these data that could ultimately turn the price up yesterday. True today the market expects no less important data on the state of the labor market in the Kingdom. So today, very important data on the change in the average wage in the country, the unemployment rate and the change in the number of applications for unemployment benefits will be made public, followed by a speech by a member of BoE Haldane and a member of the monetary policy committee of Broadbent. And of course, do not forget about important data from the United States. So the day for the pound can be very volatile. But if we look at the four-hour chart, then the situation looks calmer here, as the price continues to consolidate in the horizontal price range of 1.3025-.13285. At the same time, yesterday’s growth pushed the pair into the middle of this range, which at least prolongs the period of the price stay in it for another day, since it is hard to believe that today the price can go more than 200 points to one side or the other. Therefore, the main scenario has not changed today – the continuation of trading in the range 1.3025-1.3285.

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