The Sterling remained unchanged versus the Dollar on Thursday but kept showing signs of weakness, as it was unable to remain above the 1.6 level. The Pound has been moving sideways between 1.60 and 1.59 for the last 4 trading sessions and another breakdown is possible. Overall, GBP/USD traded with a low of 1.5926 and a high of 1.6020. UK banks will be closed today ahead of Boxing Day. Low liquidity and irregular volatility are expected.
GBP/USD - Last: 1.5960
Resistance
1.5995
1.6025
1.6075
Support
1.592
1.5845
1.5775
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