The British Pound has lost its previous gains versus the dollar after reaching the resistance at 1.4740 and failing to breach it took the pair back to 1.45 zones. Worse than expected data pushed the Sterling low after the Manufacturing Production came out -0.4% vs. expected 0.6% and the PPI Input came out -0.6% vs. expected -0.1%. Breaching above the 1.4740 levels might fuel a positive trend in the pair. Overall, GBP/USD traded with a low of 1.4502 and with a high of 1.4757. Today, the RICS House Price Balance is expected at 16% vs. 17% previously.

GBP/USD - Last: 1.4590

Resistance

1.4620

1.4740

Support

1.4550

1.4500