British Pound (GBP)

 The Pound traded with a narrow range versus the Dollar closing almost unchanged after Unemployment Rate came out better than expected at 7.9% vs. 8.0% forecast but the Average Earnings Index came out worse at 1.7% vs. 2.10% expected. Overall, GBP/USD traded with a low of 1.6432 and with a high of 1.6532. Today, Retail Sales are expected at 0.30% vs. 0.40% prior, CBI Industrial Trends Orders are expected at -49 vs. -54 forecast.

GBP/USD - Last: 1.65 

Resistance

1.6529

1.663

 

Support

1.6432

1.6403

 

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