FXstreet.com (Barcelona) - Pound has extended its retreat from 1.6635 high and the pair broke below the recent range floor around 1.6575, to hit session low at 1.6555 on BoE's Tucker suggestion about the Bank of England extending its quantitative easing plan.

Bank of England's Monetary Policy Committee member, Tucker, has affirmed the possibility of increasing Bank of England's bonds buying program, currently totalling GBP175 billion.

At the moment the Pound trades at 1.6565, with support levels at 1.6520, 1.6425 and 1.6340/60. On the upside, resistance levels lie at 1.6635 (Oct 21 high) and above here, 1.6690 and 1.6745 (Jun 30, Sept 11 highs).

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