British Pound (GBP)


The Pound strengthened versus the Dollar after U.K. consumer confidence rose to its highest level in 18 months as the economy showed signs of escaping the recession. Overall, GBP/USD traded with a low of 1.5858 and with a high of 1.5972. Today, Interest Rate Decision will be released and expected to remain at 0.5%. Asset Purchase Facility is expected at 175B vs. 175B previously.

GBP/USD - Last: 1.6020 

Resistance

1.6025

1.6050

1.6120

Support

1.5925

1.5860

1.5815

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