The Pound strengthened versus the Dollar after Business investment rose for the first time in 2 years in the first quarter, suggesting the economic recovery could be taking hold, the Prelim Business Investment came out at 6.0% vs. -0.5% forecast. The GBP/USD has been trading downwards since April therefore the momentum is still bearish, the main resistance level on the daily graph is located at 1.4780 .Overall, GBP/USD traded with a low of 1.4316 and with a high of 1.4496. No important economic data expected today.

 GBP/USD - Last: 1.4476

Resistance

1.4495

1.4635

1.4700

Support

1.4385

1.4325

1.4235

gbpusd