The pound rose against the dollar as a result of the Bank of England’s Monetary Policy Committee that voted 6-3 to raise the amount it will spend as part of its quantitative- easing program by 50 billion pounds ($82 billion).Overall GBP/USD traded with a low of 1.6324 and with a high of 1.6587. Today, Retail Sales is expected at 0.40% vs. 1.20% previously.

GBP/USD - Last: 16535

Resistance

1.6600

1.6650

1.6720

Support

1.6450

1.6395

1.6325