The pound is under pressure

The British pound continues to trade under pressure, despite positive data on the construction sector in the UK. According to published data, the index of business activity in the construction sector rose to around 50.8, exceeding the previous value of 48.1. The decline of British pound is due to the cautious position of market participants and the correction of positions, pending the publication of the meeting results of the Bank of England.

GBP/USD current price – 1.3243

Alexander Sivtsov