Pound has regained a part of positions

The British pound regained most of the lost positions against the US dollar at the beginning of the European session. The British was supported by positive static data on industrial orders in the UK.

• According to published data, the index of industrial orders CBI in November rose by 17, against the decline in the previous period at -2.

Pressure on the pound is caused by the uncertain situation around Brexit, which means that large banks and firms can begin moving their employees and capital in early 2018. Read more …

Technical analysis: The pair GBP/USD still maintains an upward trend in the short term. The resistance levels are 1.3280, 1.3310. Support levels are 1,3175; 1.3135.

Fig. The GBP/USD graph, current price – 1.3241.

Alexander Sivtsov