British Pound (GBP)

- The Pound weakened from a three week high against the Dollar as escalating political unrest in the Middle East supported safety assets. The GBP/USD's resistance on the daily chart is 1.6300, and as long as the pair is trading above 1.6150 and above the 20 moving average on the daily chart, the Pound is very bullish. Overall, GBP/USD traded with a low of 1.6204 and with a high of 1.6252. Today, Public Sector Net Borrowing is expected to weak from 15.30B to 0.70B.

GBP/USD - Last: 1.6162

Resistance

1.6200

1.6270

Support

1.6150

1.6080

1.5985

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