The Pound declined versus the Dollar as housing prices rose again but prospects for recovery still subdued. RICS House Price Balance came out 10.7% versus -0.1% expected and -5.7% prior. Overall, GBP/USD traded with a low of 1.6520 and with a high of 1.6690. Today, Consumer Price Index is expected lower at 1.4% versus 1.8% prior and the RPI expected at -1.5% versus -1.4% prior. Inflation Report Hearings will be held and BOE governor along with MPC members will testify on inflation and the economic outlook.

GBP/USD - Last: 1.6610

Resistance

1.6655

1.67

1.675

Support

1.652

1.6445

1.637

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