The pound is stable. Data on the construction sector in the UK

The British pound is stable against the US dollar against the background of positive data on the construction sector in the UK.

• According to published data, the index of business activity in the construction sector in February rose to 51.4, exceeding the previous value of 50.2.

Also, this dynamics is connected with the expectation of the speech of the head of the Bank of England Carney. Any of his comments on the change in the monetary policy can cause a sharp increase in volatility against the British currency, against which one should be cautious about trading with the pound.

Technical analysis: The pair GBP/USD keeps a downtrend in the short term. The main resistance levels are 1.3850, 1.3900. The support levels are 1.3700, 1.3620.

Fig. GBP/USD. The current price is $ 1.3777.

Alexander Sivtsov