The Pound gained for the first time in 5 days against the Dollar following the rally in stocks as growing confidence in the global economic recovery is gathering pace. Overall, GBP/USD traded with a low of 1.6470 and with a high of 1.6647. Today, the BBA Mortgage Approvals expected 44K vs. 42.1K previously. The Business Investment expected -3.5% vs. -10.2% previously.

GBP/USD - Last: 1.6565

Resistance

1.6670

1.6725

1.6775

Support

1.6585

1.6535

1.6500

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