The Pound declined versus the Dollar reaching near its yearly lows as uncertainty regarding the Euro rose and BOE officials stated the austerity measures will leave the interest rates at their lows for longer than earlier expected. Overall, GBP/USD traded with a low of 1.4495 and a high of 1.4640. GBP/USD is still on a downtrend and as long as the pair is below the 1.48 level and the 50 day moving averages it remains bearish. No economic data expected today.

GBP/USD - Last: 1.4355

Resistance

1.4500

1.4655

1.4800

Support

1.4335

1.4290

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