The Pound dropped versus the Dollar as investors think Britain's economy is too weak to consider raising the interest rates and stopping the asset purchasing programs. PPI Input came out better than -0.5% better than -0.9% expected and PPI Output was out with 0.5% better than 0.1% forecast. Overall, GBP/USD traded with a low of 1.5825 and with a high of 1.6077. Today, RICS House Price Balance is expected higher with 15.1% versus 10.7%.

GBP/USD - Last: 1.5830 

Resistance

1.5935

1.6005

1.605

Support

1.58

1.577

1.5725

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