British Pound (GBP)

 

 

The Pound strengthened against the Euro and fluctuated against the Dollar on concern that the region's debt crisis will worsen, allowing the U.K. economy to outperform its neighbors. The main resistance line of the GBP/USD on the daily chart is still 1.5910, the 10 moving average on the daily chart supports an uptrend. Therefore the momentum is bullish, and as long as the rate is above 1.5800, the pound is more attractive. Overall, GBP/USD traded with a low of 1.5835 and with a high of 1.5954. Today, CPI is expected to remain at 3.3%.

 

 

GBP/USD - Last: 1.5965

 

Resistance

1.5940

Support

1.5875

1.5835

1.5735

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