The Pound weakened versus most majors after the Bank of England policy maker Andrew Sentence said Britain may remain in recession. The GBP/USD has a clear downtrend and it has broken below the 20 moving average on the daily graph therefore the momentum is bearish. Overall, GBP/USD traded with a low of 1.4988 and with a high of 1.5254.Today, BOE Gov King Speaks.

GBP/USD - Last: 1.4980

Resistance

1.5033

1.5160

1.5328

Support

1.4975

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