British Pound (GBP), Daily Review, April 20th 2010

By IBTimes Staff Reporter | April 20 2010 4:39 AM

The Pound slid the most in more than three weeks as polls indicated the U.K. election won't produce a clear winner. The GBP/USD has been trading below the 10 moving average therefore the momentum is still bearish; the main support on the one hour chart is located at 1.5180. Overall, GBP/USD traded with a low of 1.5191 and with a high of 1.5342. Today, CPI is expected to rise from 3.0% to 3.2%,

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GBP/USD - Last: 1.5340

Resistance

1.5400

1.5475

1.5520

Support

1.5190

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