British Pound (GBP)

The Pound strengthened against the greenback as Retail Sales came out at - 0.80%, worse than expected. 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 1.5866 and with a high of 1.6018. Today, no major economic data is expected.

 

GBP/USD - Last: 1.5966

 

Resistance

1.6000

1.6048

Support

1.5930

1.5845

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