The Sterling fell against the Dollar trading below 1.57 levels. The Pound has been trading between 1.5560 and 1.5760 for a almost a week and until those levels are breached it remains in this channel. Overall, GBP/USD traded with a low of 1.5611 and with a high of 1.5719. Today, the CPI is expected at 3.6% vs. 2.9% previously and the Core CPI is expected at 3.2% vs. 2.8% previously.

GBP/USD - Last: 1.5682

Resistance

1.5725

1.5765

1.58

Support

1.5625

1.5565

1.5495

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