Daily Review 02/10/2009 British Pound (GBP)

By @ibtimes on

British Pound (GBP)

The Pound weakened against the Dollar after U.K. manufacturing activity for September unexpectedly contracted as factories cut jobs and growth in new orders slowed. GBP/USD traded with a low of 1.5923 and with a high of 1.6024. Today, Nationwide HPI is expected at 0.8% vs. 1.6% prior and the Construction PMI is expected at 48.2 vs. 47.7 prior.

GBP/USD - Last: 1.5930 

Resistance

1.6025

1.6135

1.6235

Support

1.5845

1.577

1.5725

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