British Pound (GBP)

The Pound gained against the Dollar on speculation that the BOE will raise interest rates in order to restrain inflation. Only breaching the resistance level of 1.6280 will push the pair higher, otherwise a rebound back to 1.62 zones is possible. Overall, GBP/USD traded with a low of 1.6070 and with a high of 1.6275. Today, the Nationwide HPI is expected at -0.2% vs. -0.1% previously and the Manufacturing PMI is expected at 61.5 vs. 62 previously.

GBP/USD - Last: 1.6269

 

Resistance

1.6430

Support

1.6250

1.6040

1.5980

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