The Pound rose for a second day as market sentiment turned positive after U.S. stock market rallied, led the investors to buy risky assets instead. The GBP/USD has been trading upwards since June therefore the momentum is clearly bullish, the main resistance level on the daily graph is located at 1.5260 .Overall, GBP/USD traded with a low of 1.5081 and with a high of 1.5219. Today, interest rate decision is expected to remain unchanged at 0.5%, Manufacturing Production is expected to become positive from -0.4% to 0.4%.

 GBP/USD - Last: 1.5211

Resistance

1.5230

 
 

Support

1.5170

1.5080

1.4870

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