The pound remains stable. Data on the UK services sector

The British pound maintains its position against the US dollar against the backdrop of the publication of positive data on the service sector in the UK.

• According to published data, the index of business activity in the services sector in February rose to 54.5, exceeding the previous value at 53.0.

The trades on Monday are under the revaluation of market participants in the introduction of duties on imports of steel and aluminum from the US, which could provoke a possible trade war. See “Analysis of the American Trading Session.“

Technical analysis: The pair GBP/USD has been moving in the primary flat on the chart H1 since March 2. If the instrument price is fixed above the 1.3815 mark, one should expect its further growth to the levels of 1.3870, 1.3900. The nearest support levels are 1.3755, 1.3710.

Fig. GBP/USD. Current price – $ 1.3815

Alexander Sivtsov