The Pound rose for a 4th day against the Dollar, its longest run since November, after Bank of England policy maker Andrew Sentance was cited as saying interest rates may have to increase this year. Manufacturing Production came out worse than expected at 0.0% vs. 0.3% forecast. GBP/USD has breached above 1.6240 therefore the momentum is upward. The pair is currently near another resistance level at 1.63. Overall, GBP/USD traded with a low of 1.6135 and a high of 1.6306. No economic data expected today.

GBP/USD - Last: 1.6298

Resistance

1.6310

  

Support

1.6260

1.6135

1.6060

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