The Pound has made considerable gains against the Dollar and reached a fresh 8 week high at 1.5189. The Manufacturing PMI came out 57.5 worse than expected 57.6. Trading above the support level of 1.5120 keeps the momentum positive for the pair. Overall, GBP/USD traded with a low of 1.4871 and with a high of 1.589. Today, the Construction PMI is expected at 58.6 vs. 58.5 previously.

GBP/USD - Last: 1.5179

Resistance

1.5190

 
 

Support

1.5120

1.5070

1.5000

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