British Pound (GBP)

The Pound rose against the greenback as inflation concerns came back. The pair will be bearish if it can't break the main resistance of 1.6050, but if it does manage to break through, we will be witness to levels that haven't been seen for a long time. Overall, GBP/USD traded with a low of 1.5820 and with a high of 1.6050. Today, the Nationwide HPI and Manufacturing PMI are expected.

GBP/USD - Last: 1.6045

Resistance

1.6055

1.6100

1.6155

Support

1.5950

1.5820

1.5760

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