The Pound weakened versus the Dollar and rose for a 3rd day against the Euro, reaching its strongest level in more than 8 months, amid speculation tomorrow's U.K. election may leave the Conservative Party in a position to form a government. The main resistance on the one hour chart is located at 1.5200, as long as the pair continues to trade below this level a short position is preferred. Overall, GBP/USD traded with a low of 1.5072 and with a high of 1.5173. Today, Parliamentary Election, Services PMI is expected at 57.1 vs. 56.5 prior.
GBP/USD - Last: 1.5132