The Pound fell strongly against the Dollar and Euro after GDP results. GDP came out -0.4% versus 0.2% expected and -0.3% prior, showing more contraction in Britain's economy in the 3rd Quarter as Britain is still in deep recession. Overall, GBP/USD traded with a low of 1.6299 and with a high of 1.6693. Today, MPC Member Posen Speaks.

GBP/USD - Last: 1.6268

Resistance

1.6369

1.6489

1.6636

Support

1.6240

1.615

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