British Pound (GBP), Daily Review, Feb 1 2009

By @ibtimes on

The Pound fell versus the Dollar after declines in equity markets and the U.S GDP report which showed stronger growth than expected. Overall, GBP/USD traded with a low of 1.5974 and a high of 1.6179. GBP/USD has broken below its consolidation and is heading toward the 1.59 support level. Today, Manufacturing PMI is expected unchanged with 54.1.

GBP/USD - Last: 1.5970

Resistance

1.6080

1.6110

1.6180

Support

1.5930

1.5895

1.5850

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