FXstreet.com (Barcelona) - The Pound's upward reaction from intra-week low at 1.4465 yesterday seems to have caped at 1.4700 so far, as the Pound continues weakening to give away most of the ground gained in yesterday's rally. At the moment, the Sterling trades around 1.4560; 0.70% below its day-opening price.
The Sterling has dropped to a support area at 1.4570/60, which so far remains intact, in case of reaching level below here, 1.4415 and 1.4465 (Apr 21 low) would come on sight.
On the upside next resistance level seems to be at 1.4710, and above here, 1.4760/75 and if the to break that level, probably 1.4820 (Apr 14 low).
For more information, read our latest forex news.