British Pound (GBP), Daily Review, April 21st 2010

By IBTimes Staff Reporter | April 21 2010 6:45 AM

The Pound slightly rose against the Dollar after the jump in CPI in March lead investors to buy the pound. CPI came out at 3.4% vs. 3.2% forecast. The main resistance on the daily graph is located at 1.5350 as long it trades above it a long position is preferred. Overall, GBP/USD traded with a low of 1.5289 and with a high of 1.5432. Today, Claimant Count Change is expected at -7.6K vs. -32.3K prior, MPC Meeting Minutes.

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GBP/USD - Last: 1.5360

Resistance

1.5432

1.5523

Support

1.5290

1.5190

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