British Pound (GBP)

The Pound gained versus the Dollar after rising from the first Fibonacci retracement. Current Account came out -11.4B worse than -7.7B forecast and -8.5B prior. The Final GDP came out -0.6% as expected and CBI Realized Sales better with 3 versus -15 expected. Gfk Consumer Confidence came out better with -16 versus -24 expected. Overall, GBP/USD traded with a low of 1.5824 and a high of 1.5988. No major economic data expected today.

GBP/USD - Last: 1.6030 

Resistance

1.6040

1.6135

1.6235

Support

1.587

1.5775

1.571

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