The Pound fell against the Dollar after Standard & Poor's said U.K. banks is no longer among the world's most stable and low-risk as the economy stagnates. Overall, GBP/USD traded with a low of 1.6113 and with a high of 1.6276. GFK Consumer Confidence came out at -17 vs. -18 forecast. The GBP/USD is trapped between 1.6265 and 1.6075 in the last few days therefore the momentum is unclear until it breaks one of this level. Today, Nationwide HPI is expected at 1.2% vs. 0.9% prior.

GBP/USD - Last: 1.6133

Resistance

1.6175

1.6245

1.6276

Support

1.6107