The Pound dropped for a third day in a row versus the Dollar after Standard & Poor's affirmed its AAA long term and A-1+ short term sovereign credit ratings on the U.K, maintaining a negative outlook. The GBP/USD has broken the support line at 1.5000 during the session, if the price trades below this level the momentum will be bearish .Overall, GBP/USD traded with a low of 1.4948 and with a high of 1.5086. Today, CPI is expected at 3.2% vs. 3.4% prior, MPC Member Sentence Speaks.

 GBP/USD - Last: 1.5028

Resistance

1.5085

1.5230

 

Support

1.5000

1.4950

 

width=480