FXstreet.com (Barcelona) - Pound's rally from Asian session low at 1.6325 has reached levels above 1.6500, as risk appetite, fuelled by gold prices over $1,000 an ounce and rising stock markets has taken the Pound to a fresh 2-week high. At the moment, the Pound trades at 1.6520.

Resistance levels lie at 1.6500, and above here, 1.6620 (Aug 21 high) and 1.6665 (Aug 13 spike high). On the downside, support levels lie at 1.6445 (Sept 8 high) and below there, 1.6410 (Sept 3 high) and 1.6375 (Aug 27 and Sept 1 highs).