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GBP/USD: potential for decline still not exhausted on 05.03.2015

GBP/USD quotes have been dropping since the beginning of this week and have reached a 3-week low at 1.5223 today. February's data on the service sector business activity index is putting pressure on the pair. The index fell to 56.7 points in the UK while the US value grew  and amounted to 57.1 points, according to Markit, and to 56.9 points, according to ISM. Besides, FED's report known as "the Beige Book" showed that economic activity in a number of states carried on growing, which substantially supported the dollar.

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