The Pound rallied for the second day against the Dollar and all majors after Home prices fell by 0.1%, and a new proposal that the BoE will regulate the financial system even more was revealed. The pair has broken the 1.55 resistance, but closed beneath it. The trend for the GBP/USD remains bullish and until technical signs of reversal downwards appear, the momentum is positive, as it has been for weeks. Overall, GBP/USD traded with a low of 1.5371 and with a high of 1.5518. No important economic data is expected today for the Pound.

 GBP/USD - Last: 1.5487

Resistance

1.5520

 
 

Support

1.5450

1.5348

1.5295

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