The Pound gained versus the Dollar following the Euro's gains amid rumors the European leaders will come up with a new bailout plan for the EU indebted countries. Overall, GBP/USD traded with a low of 1.4237 and a high of 1.4466. GBP/USD wasn't able to cross above its previous day's high and the main trend continues to be bearish. Today, Retail Sales are expected with 0.3% versus 0.4% prior. MPC Member Posen will speak in Berlin.

GBP/USD - Last: 1.4415

Resistance

1.4465

1.4520

Support

1.4350

1.4235

width=450