The Pound rose against the Dollar for a third day as the Bank of England increased asset purchases less than the forecast of economists, reducing concern policy makers are flooding the market with sterling. The Manufacturing Production and The Industrial Production came out better than expected at 1.7% and 1.6% respectively. The decision on the interest rate was as predicted unchanged at 0.5%. Overall, the GBP/USD traded with a low of 1.6465 and with a high of 1.6633. Today, The Producer Price Index (PPI) Input is expected at 1.6% vs. -0.5% previously.

GBP/USD - Last: 1.6565

Resistance

1.6640

1.6690

1.6760

Support

1.6525

1.6465

1.6420

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