It is time for the British pound to test the psychological level 1.4000. The incidence rate of COVID-19 in Britain has clearly begun to decline – in the last two weeks the daily level does not exceed 3,000 people, although in January we observed numbers of more than 35,000 people. The situation with the coronavirus in the United Kingdom is much better than the same leaders of the European Union: Germany, France and Italy.

This factor makes it possible to count on faster economic growth. Additional support for the pound may be provided by the oil market, where tomorrow the OPEC+ monitoring committee may change its recommendations for the world’s largest hydrocarbon exporters.

Investment idea: Buy 1.3870/1.3845 and take profit 1.4000.