FXstreet.com (Sydney) - The pound continued to gain gainst the dollar and is currently trading at 1.6818. The pair had dropped in late trade yesterday to a low of 1.6756 before bouncing back. Current trends are upwards with the pair considered bullish. Support can be found at 1.6768 and resistance at 1.6866.

Further pressures may be placed on the pair as reports of relevance are released today on both sides of the Atlantic. In the UK the BoE relases latest minutes on monetary policy (MPC). In the US, CPI data is released today and unemployment claims is released tomorrow.

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