The Pound declined by the most in almost three weeks against the dollar after Bank of England Governor Mervyn King said a weaker currency should lead to a recovery in the economy. Sterling fell under the 1.6600 level, after U.K. inflation statement, that present the idea that the BOE is likely to keep policy steady for an extended period amid what is likely to be a slow economic recovery. GBP/USD traded with a low of 1.6534 and with a high of 1.6797. Today, No economic data expected.

GBP/USD - Last: 1.6600

Resistance

1.6625

1.6670

1.6725

Support

1.6500

1.6465

1.6405

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