The Pound weakened versus the Dollar after a report showed the U.K. inflation rate dropped to 3% in February. The GBP/USD has a clear downwards trend and it has broken the 20 moving average on the daily graph therefore the momentum is bearish. Overall, GBP/USD traded with a low of 1.4972 and with a high of 1.5112.Today, Annual Budget Release.

GBP/USD - Last: 1.4990

Resistance

1.5108

1.5255

1.5368

Support

1.4932

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