The Pound gained against the dollar after a negative jobs report in the U.S and the pair reached fresh 6 month high level at 1.5995. The Manufacturing Production came out 0.3% worse than expected 0.5%. The PPI Input came out -1% worse than expected -0.4%. Holding above the support level of 1.5880 keeps the momentum positive for the pair. Overall, GBP/USD traded with a low of 1.5838 and with a high of 1.5995. Today, the RICS House Price Balance is expected at 5% vs. 9% previously.

GBP/USD - Last: 1.5975

Resistance

1.5990

  

Support

1.5950

1.5920

1.5750

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