British Pound (GBP)

The Pound rose against the greenback as the Nationwide HPI came out at -0.1%, better than the expected -0.3% and the Manufacturing PMI came out at 62, better than the expected 58.1. Trading above the support level of 1.6080 keeps the momentum positive for the pair. Overall, GBP/USD traded with a low of 1.6008 and with a high of 1.6163. Today, the Construction PMI is expected at 49.8 vs. 49.1 previously.

GBP/USD - Last: 1.6172

Resistance

1.6175

Support

1.6120

1.6080

1.6010

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