British Pound (GBP)

The Pound extended its advance versus the Dollar for the ninth consecutive day, as U.K. jobless claims unexpectedly fell in December after the Claimant Count Change came out -4.1k better than the expected -1.4k. Only breaching the 1.6040 resistance level will extend gains in the GBP/USD pair, otherwise a rebound could be seen. Overall, GBP/USD traded with a low of 1.5942 and with a high of 1.6036. Today, the CBI Industrial Trends Orders are expected at -1 vs. -3 previously.

 

 

GBP/USD - Last: 1.5943

 

Resistance

1.6040

Support

1.5920

1.5820

1.5730

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