The current levels of the British currency are interesting for opening buy positions with the expectation of a continuation of the upward trend. Many economists in recent days have been talking about the impending hyperinflation in the US, which will force the Fed to raise interest rates sharply. However, the debt market, which is always considered as the smartest one, disagrees with this statement.

The yield on 10-year US government bonds, which has historically signaled inflationary expectations in the economy, is 1.5% now. Yields fell 0.27% from their peak in March. We can talk about the growth of inflation when the yield on bonds is above 3%. Now the indicator is 2 times less. Against this background, the Fed will not change its monetary policy, which is positive for the main competitors of the dollar.

Trading recommendation: Buy 1.4090/1.4070 and take profit 1.4209.