The Pound continue to weak versus the Dollar after U.K. trade balance widened in March as imports jumped the most in six months. Trade balance came out at -7.5B vs. -6.5B forecast. The GBP/USD has been trading downwards since last week; therefore the momentum is still bearish, the main support level is located at 1.4470.Overall, GBP/USD traded with a low of 1.4572 and with a high of 1.4918. No important data expected today.

 GBP/USD - Last: 1.4608

Resistance

1.4690

1.4920

1.5050

Support

1.4570

1.4470

width=450