Strong UK data support the pound

According meniyu analysts Societe Generale, the pound is supported by strong UK data, despite the start of negotiations on Brekzitu.

Key points

"This year we are seeing weak wage growth, but consumer spending remains on a high level, while employment continued to grow. The balance of payments has improved, and the growth of the economy has not been undermined. However, uncertainties remain, and the risks are also great for the economy. Weighing all of these risks, we believe that in the near future, GBP / USD will continue to trade in the current range. "