British Pound (GBP)

The Pound weakened versus the Dollar after 5 consecutive days of gains as a result of declines in world stocks. Rightmove HPI came out positive with 0.4% versus -2.2% prior. Overall, GBP/USD traded with a low of 1.6212 and a high of 1.6355. GBP/USD has hit resistance level at 1.6350 along with 200 day moving average and a downside move is expected. No economic data expected today.

GBP/USD - Last: 1.6275

Resistance

1.6300

1.6355

1.6420

Support

1.6195

1.6150

1.6115

GBPUSD