The Pound lost gains to the dollar after struggling with the 1.5950 area and fell back below the 1.5850 zone. The RICS House Price Balance came out -8% worse than expected 5%. Breaking below the support level of 1.5830 turns the momentum to negative for the pair. Overall, GBP/USD traded with a low of 1.5772 and with a high of 1.5995. Today, the Trade Balance is expected at -7.7B vs. -8.1B previously. The Nationwide Consumer Confidence is expected at 60 vs. 63 previously.

GBP/USD - Last: 1.5801

Resistance

1.5830

1.5870

1.5920

Support

1.5780

1.5750

1.5680

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