However, UK economy recovery rates leave much to be desired: the index grew 0.2% from one quarter to the next, which is only 0.1% more than last year's value. If these dynamics remain, the UK monetary policy (as far as the interest rate is concerned), will hardly be revised in the near future.
The business activity index in the UK construction sector will be released today. Its decline might put additional pressure on the pound.
Resistance levels are: 1.5044 (maximum of the Asian session), 1.5100 (yesterday's maximum), 1.5162 (29 January's maximum), 1.5240 (upper line of Bollinger Bands).
Support levels: 1.5000 (important psychological level), 1.4952 (23 January's minimum), 1.4900 (important psychological level), 1.4812 (minimum of July 9, 2013).
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