The market state: Briton is under pressure

During the European session, the major currency pairs are trading at the opening level of the session. The exception is the British pound, which is moderately weakening across the spectrum of the market on the data that several acute issues on Brexit will not be resolved, after positive data on the compensation and “Irish issue.” An additional negative factor for the pound is the weak statistics on business activity in the services sector of Great Britain for November.

As a result, the British pound remains in the correction phase after a rapid increase based on data on the negotiations between the EU and the UK. The pair GBP/USD keeps the downward dynamics, while the resistance levels are located at the levels: 1.3470 and 1.3500, support: 1.3370 and 1.3320.

The graph of GBP/USD. The current price is 1.3420.

Hanzenko Anton