British Pound (GBP)

The Cable weakness across the board eased in the early trading hours. The rise in stocks was not followed by an appreciation of the Pound. GBP/USD remains moving inside a range and eventually closed the day unchanged. Overall, GBP/USD traded with a low of 1.5892 and with a high of 1.6022. Today, The Manufacturing Production is expected at 0.4% vs. 0.9% previously. The Industrial Production is expected at 0% vs. 0.5% previously. The Nationwide Consumer Confidence is expected at 68 vs. 63 previously.

GBP/USD - Last: 1.5950 

Resistance

1.6025

1.6075

1.6125

Support

1.59

1.5845

1.58

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