British Pound (GBP)

The Pound fell against the Dollar after a good data from the U.S last Friday and captured at the 1.6100 area, but the pound gains against the euro after better than expected economic data boosted speculation the Bank of England may have room to increase interest rate this year. The GBP/USD has encountered with a serious resistance on the daily chart (level 1.6100), as long as the rate is below 1.6100 the pound is less attractive. Overall, GBP/USD traded with a low of 1.6036 and with a high of 1.6172. Today, No economic data expected today.

GBP/USD - Last: 1.6135

Resistance

1.6200

1.6265

Support

1.6100

1.6050

1.5925

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