Important events today:

6:00 p.m. Moscow time – USA: ISM Manufacturing Index

GBPUSD:

Jerome Powell, the head of the Fed, said that he was concerned about high inflation in the United States, although earlier he had denied the thesis about the rapid rise in consumer prices, leading the country’s economy to stagflation. In particular, because of this, the yield spread between 10-year and 2-year Treasury bonds fell to a 10-month low. The spread is an important indicator and signals a likely decline in GBPUSD.

The ISM Manufacturing Index could provide additional support to the US dollar, as manufacturing in manufacturing shows a steady trend.

Recommendation: Sell 1.3355 / 1.3380 with the target at 1.3304.