British Pound (GBP)

The Pound fell against the Dollar due to Bank of England policy maker ,David Miles, who said officials shouldn't rush to raise interest rates to prove they are tough on inflation. The GBP/USD's main resistance at 1.6250 didn't break. As long as the pair is trading below 1.6250, it may check again his support at 1.6100. Overall, GBP/USD traded with a low of 1.6101 and with a high of 1.6273. Today, Revised GDP is expected to weaken again by 0.5% .

GBP/USD - Last: 1.6144

Resistance

1.6180

1.6250

Support

1.6100

1.6080

1.6020

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