The Pound gained slightly versus the Dollar as European equity markets ended flat despite Spain's downgrade. U.K's government is trying to limit the political damage made by Chief Secretary to the Treasury David Laws resignation following revelations about his parliamentary expanses by continuing with the deficit cuts. Overall, GBP/USD traded with a low of 1.4425 and a high of 1.4548. GBP/USD main trend continues to be bearish until it will be able to cross above 1.46. Today, Manufacturing PMI is expected with 57.8 versus 58 prior.

GBP/USD - Last: 1.4490

Resistance

1.4550

1.4610

 

Support

1.4390

1.4350

 

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