British Pound (GBP)


Dollar lost more than 150 pips against the Pound. GBP/USD rose sharply finding resistance near the 1.6400 zone. The pair had the biggest daily gain in almost two weeks. The Pound rose against the Dollar for the first time in four days as stocks rallied around the world on evidence the global economic recovery is accelerating. The U.K. currency also rebounded from near the lowest level in more than five months against the Euro and the FTSE 100 Index gained 0.2%. Overall, GBP/USD traded with a low of 1.6198 and with a high of 1.6393. Today, The British Bankers' Association (BBA) Mortgage is expected at 41.1K vs. 38.2K previously.

GBP/USD - Last: 1.6380 

Resistance

1.6400

1.6435

1.6480

Support

1.6310

1.6260

1.6220

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