Consumer spending in the UK grew slowly in February as households became more pessimistic about the economic outlook amid the Middle East conflict, which has heightened concerns about a renewed rise in inflation, surveys released on Tuesday showed.

Nevertheless, the weakening of the U.S. dollar supported the GBP/USD pair, helping it climb above the 1.3380 level.

The area above 1.3470 may act as resistance. The downward trend in GBP/USD, which began in late January, remains in place for now.