British Pound (GBP)


The Pound weakened across the board and was the only major currency that did not join the rally against the Dollar. The Sterling failed to hold gains after peaking up and shortly plunged to the lower levels following the release of the UK Industrial Production that showed a non-expected decline in August to the lowest level in 17 years, adding to speculation the economic recovery in Britain will reduce. Overall, GBP/USD traded with a low of 1.5875 and with a high of 1.6048.

GBP/USD - Last: 1.5910 

Resistance

1.5975

1.6025

1.6075

Support

1.5845

1.5775

1.5715

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