British Pound (GBP)

The Pound weakened against the Dollar the most it has in almost a week as escalating political instability in the Middle East and North Africa boosted investor demand for safety assets. The GBP/USD's support on the daily chart is located at 1.6100, and as long as the pair is trading below 1.6180, the Dollar is more attractive and probably will break the support level. Overall, GBP/USD traded with a low of 1.6101 and with a high of 1.6228. Today, the MPC Meeting Minutes will be released.

GBP/USD - Last: 1.6173

Resistance

1.6204

1.6265

Support

1.6132

1.6075

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