The Pound slid lower after weaker BBA Mortgage Approvals and weak economic data from the U.S triggered a flight to safety. BBA Mortgage Approvals came out lower with 35.1K versus 45.3K expected. Overall, GBP/USD traded with a low of 1.5393 and a high of 1.5575. GBP/USD keeps trading downwards and is facing support at 1.54 and 1.535. Today, MPC Member Posen will speak at London.

GBP/USD - Last: 1.5485

Resistance

1.5475

1.5525

1.5575

Support

1.5350

1.5280

1.5230

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