Important events today:

19.11 19:00 UTC: USD – Publication of the FOMC meeting minutes

The pound remains under pressure: investors are factoring in a softer trajectory for the Bank of England after a series of weak demand indicators and cooling inflation. Against the backdrop of reduced risk appetite, this strengthens the bias towards the dollar.

Signals from the UK point to a slowdown in wage growth and weaker consumption, which reduces the chances of a hawkish stance from the regulator. Meanwhile, US Treasury yields have stabilized, supporting the dollar through its premium for safety and liquidity.

Until new drivers emerge from the UK economy, the pair is vulnerable to declines. Risks for the pound include deeper stagnation and easing price pressures, which expands the window for future BoE easing and limits GBP’s recovery against USD.

Recommendation: SELL 1.3155, SL 1.3205, TP 1.3055