The Pound slightly rose versus the Dollar after UK December services sector rose slightly in December to 56.8 vs. 56.7 forecast. Today the eyes of the investors will be set for the interest rate decision of the BOE that is expected to leave the rate at 0.5%. There is a support level at 1.5930 if it breaks it the GPB momentum is down. Overall, GBP/USD traded with a low of 1.5938 and with a high of 1.6064.Today, Halifax HPI is expected at 0.6% vs. 1.4% prior and Asset Purchase Facility is expected to remain at 200B.

GBP/USD - Last: 1.6025

Resistance

1.6064

1.6154

1.6240

Support

1.5938

1.5833

 

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