The Sterling managed to make small gain versus the dollar despite the strong move down after the data to 1.58 zones but recovered at the end of the day. The Interest Rate came out unchanged as expected at 0.5%. The momentum might turn to negative if the pair will break below the support level of 1.5850. Overall, GBP/USD traded with a low of 1.5819 and with a high of 1.5922. Today, the Manufacturing Production is expected at 0.5% vs. 0.3% previously. The PPI Input is expected at -0.4% vs. -0.2% previously.

GBP/USD - Last: 1.5880

Resistance

1.5960

  

Support

1.5860

1.5820

1.5750

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