British Pound (GBP)

The pound strengthened against the dollar as an industry report showed that U.K. construction grew at its fastest pace in eight months in February. According to the daily chart, the next resistance is located at 1.6370, and if the pair breaks this level, it could continue to 1.6430. Overall, GBP/USD traded with a low of 1.6214 and with a high of 1.6343. Today, no major economic data is expected.

GBP/USD - Last: 1.6326

Resistance

1.6331

1.6400

Support

1.6300

1.6226

1.6140

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