Investing.com - The pound slipped lower against the U.S. dollar on Tuesday, after data showed that construction activity in the U.K. expanded at the slowest rate in more than a year in November.
GBP/USD hit 1.5694 during late European morning trade, the session low; the pair subsequently consolidated at 1.5701, edging down 0.20%.
Cable was likely to find support at 1.5585, Monday's low and resistance at 1.5828, the high of November 27.
In a report, market research firm Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction purchasing managers' index declined to 59.4 in November from a reading of 61.4 in October.
Economists had expected the index to fall to 61.2 in November.
The report came a day after data showed that U.K. manufacturing activity rose to a four-month high in November.
Meanwhile, the dollar remained mildly supported after the U.S. Institute for Supply Management said on Monday that its index of purchasing managers fell to 58.7 last month from a reading of 59.0 in October. Analysts had expected the manufacturing PMI to decline to 57.9 in November.
Sterling was fractionally higher against the euro, with EUR/GBP easing 0.09% to 0.7921.
In the euro zone, official data on Tuesday showed that the number of unemployed people in Spain declined by 14,700 in November, compared to expectations for an increase of 57,300, after a 79,200 rise in October.