FXstreet.com (Barcelona) - The Sterling drops lower breaking support level at 1.4215 after the lowest ever consumer lending figures were released.
GBP/USD has broken below 1.4215 moments after the release of UK consumer lending, and the pair has touched intra -day low at 1.4175, to recover mildly, and climb back towards 1.4215.
The Pound is on a bearish configuration off 1.4666 on Feb 23. Support levels remain at 1.4175, and below here 1.4135 and Feb 18 low at 1.4085.
On the upside, a break above 1.4360, Feb 27 high, would confirm a bottom at 1.4110 (Feb 27 high) and the pair would get on the path towards 1.4450 (Feb 19 high); singing above here, the Pound could set an assault to 1.4580 before turning the focus to Feb 23 high at 1.4665.