British Pound (GBP)
The Pound has halted the nine day rally and could not resist greenback's soar and fell to 3 days low level. The worse than expected CBI Industrial Trends Orders which came out -16 vs. expected -1 also supported the Sterling weakness. Holding below the resistance level of 1.6040 turns the momentum to negative for the GBP/USD pair. Overall, GBP/USD traded with a low of 1.5835 and with a high of 1.6008. Today, the Retail Sales are expected at -0.1% vs. 0.3% previously.
GBP/USD - Last: 1.5927