No major events expected today.

The pound opens the session against a mixed domestic backdrop following speeches by Bank of England officials. Andrew Bailey emphasized that a new rate hike is not predetermined, while Dave Ramsden described domestic inflationary pressure as relatively moderate. These signals are restraining the pound, although high oil prices raise the risk of re-accelerating inflation and limit the scope for policy easing.

Dollar weakness remains the more significant short-term factor. Its index declined to a near two-week low, and the market awaits Friday’s United States inflation data, which could alter the assessment of the Federal Reserve’s September decision. As long as the probability of a rate hike lacks a clear edge over a pause scenario, it is difficult for the dollar to mount a sustained recovery against major currencies.

For GBPUSD, the local background is less favorable than for the euro, so the upside potential appears more limited. However, cautious Bank of England signals do not yet outweigh the general dollar momentum, and rising energy prices reduce the likelihood of a quick shift by the British central bank toward a looser policy. Provided current conditions persist, the priority remains with a moderate strengthening of GBPUSD.

Recommendations: BUY 1.3545, SL 1.3510, TP 1.3615.