FXstreet.com (Barcelona) - The Pound is dropping like a stone on early U.S. Session and, after rejection from 1.6600 resistance, the pair has broken support at 1.6550, on the back of the unexpected deterioration on U.S. consumer sentiment and Negative stock markets.

Below 1.6550, the Pound could find support at 1.6500 and 1.6430 (Aug 10 low). On the upside, resistance levels remain at 1.6600, and above here, 1.6660/65 (Aug 13 high) and 1.6700.