The Pound gained versus the Dollar after bouncing from the first Fibonacci retracement at 1.57 drawn from January lows to August highs. CPI was weaker with 1.1% versus 1.3% expected and 1.6% prior. Overall, GBP/USD traded with a low of 1.5706 and with a high of 1.5928. Today, Claimant Count Change is expected worse with 25.1K versus 24.4K as more people file for unemployment benefits in England. Average Earnings Index is expected worse with 1.4% versus 1.7%. Britain's Unemployment Rate is expected worse with 8% versus 7.9% prior.

GBP/USD - Last: 1.5940 

Resistance

1.595

1.6005

1.605

Support

1.5825

1.5775

1.573

/