The Pound weakened versus the Dollar after Bank of England policymaker Adam Posen said he believes the UK will lose money due to high inflation. The trend is still bearish to the Pound until it breaks above 1.56 levels. Overall, GBP/USD traded with a low of 1.5386 and with a high of 1.5476.Today, CBI Realized Sales is expected at -1 vs. -8 prior. BOE Gov King and MPC Member Miles will speak.

GBP/USD - Last: 1.5364

Resistance

1.5475

1.5575

1.5675

Support

1.5345

1.5295

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