British Pound (GBP)

The Pound strengthened against the Dollar after minutes from the Bank of England's last meeting showed that a second policy maker favored higher interest rates as inflation remains above target. The GBP/USD has been trading on the 10 moving average line on the daily chart and therefore the momentum is not clear. As long as the rate is above 1.5800, the pound is more attractive. Overall, GBP/USD traded with a low of 1.5769 and with a high of 1.5937. Today, CBI Realized Sales are expected at 39.00 vs. 56.00 prior.

GBP/USD - Last: 1.5915

Resistance

1.5937

1.6015

Support

1.5845

1.5775

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