The Pound gained slightly versus the Dollar as no major news was released and Friday's NFP data and Europe's contagion fears continued. Overall, GBP/USD traded with a low of 1.4388 and a high of 1.4563. GBP/USD fell back downwards after reaching the first Fibonacci retracement of 38.2% of the downtrend which started in April. The major trend is bearish. Today, Nationwide Consumer Confidence is expected stronger with 78 versus 74 prior.
GBP/USD - Last: 1.4480