British Pound (GBP)

The pound soared against the dollar, though the CPI came out unchanged at 4%, as expected, and leaving no signs of a raise in the interest rates. Holding above the 1.6080 support level might push the pair higher to 1.62 areas. Overall, GBP/USD traded with a low of 1.6005 and with a high of 1.6170. Today, the Claimant Count Change is expected at -3.3k vs. -4.1k previously. Later, BOE Gov, Mervyn King will speak and the Inflation Report will be released.

GBP/USD - Last: 1.6160

Resistance

1.6170

Support

1.6120

1.6070

1.5980

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