British Pound (GBP)

The Pound rose to the highest level in almost a week against the Dollar after a report showed the pace of contraction in the U.K. construction industry slowed and investor concern eased that Dubai World may default. Overall, GBP/USD traded with a low of 1.6548 and with a high of 1.6694.Today, Services PMI is expected at 57.1 vs. 56.9 prior.

GBP/USD - Last: 1.6669

Resistance

1.6694

1.6723

Support

1.6625

1.6568

1.6390

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