The Pound climbed to its strongest level this week against the Dollar after the Bank of England maintained its bond-buying program amid signs the economic recovery is taking hold. Interest rate remains unchanged at 0.5%.The main resistance of GBP/USD on the daily chart is located at 1.4800, if the price trades above this level the momentum will be bullish again .Overall, GBP/USD traded with a low of 1.4508 and with a high of 1.4717.Today, Manufacturing Production is expected at 0.6% vs. 2.3% prior, PPI Input is expected to weak from 0.6% to -0.9%.

 GBP/USD - Last: 1.4712

Resistance

1.4740

 
 

Support

1.4585

1.4500

1.4385

GBPUSD.PNG