The Pound gained versus the Dollar after gains in stocks and better than expected PPI Input was released. Greece's new bailout plan gave back wind to the Pound versus the Dollar helping it push higher. Overall, GBP/USD traded on Friday with a low of 1.5266 and a high of 1.5391. GBP/USD gapped above the 1.54 resistance and is now facing resistance at 1.5560. BRC Retail Sales Monitor and RICS House Price Balance will be released overnight.

GBP/USD - Last: 1.5450

Resistance

1.5475

1.5575

1.5650

Support

1.5400

1.5314

1.5260

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