British Pound (GBP)
The Pound rose against the Dollar as speculations believe that accelerating inflation may prompt the Bank of England to raise interest rates shortly. The GBP/USD's resistance is 1.6100 on the daily chart, if the pair breakup this level the pound probably will hit 1.6200 level. Overall, GBP/USD traded with a low of 1.6033 and with a high of 1.6124. Today, interest rate decision is expected to remain unchanged at 0.5%, Manufacturing Production is expected at 0.50% vs. 0.60% prior.
GBP/USD - Last: 1.6070