The Pound rose against the dollar and reached fresh 6 week high around 1.5 zones but once again was rejected from this area and retreated back to 1.49 zones. Overall, GBP/USD traded with a low of 1.4913 and a high of 1.5010. Holding above the support level of 1.4880 levels keeps the momentum positive for the pair. No economic data is expected today.
GBP/USD - Last: 1.4945