FXstreet.com (Barcelona) - The Pound's rejection of the 1.4600 level extends below 1.4450 so far, and the Pound has dropped more than 150 pips so far in European session, advancing towards intra-week resistance level at 1.4360.

Selling pressure seems increasing and in case of breaking below 1.4360, the pound would advance towards 1.4300 (Feb 16.17 and 18 high), below here, 1.4210.

On the upside, a successful bounce above 1.4360 level could drive the Euro to 1.4450, before reaching to levels around 1.4500. Once above there the pound would be on the path to attempt another assault at the 1.4600 resistance line.