FXstreet.com (Barcelona) - GBP/USD has also dropped although not as much as the Euro, the Pound fell from 1.4060 to yesterday's low at 1.3989 to bounce towards next resistance level at 1.4035.

The Cable is in a bearish configuration off Feb 23 high at 1.4663, and trying to hold above 1.4035 in order to advance towards 1.4080/90 resistance level. Once above there, the GBP could set a test to 1.4135/50 resistance (Mar 3 high). Above here 1.4215 and 1.4282.

On the downside, failure to gain ground above 1.4035 could trigger a reversal towards intra day low at 1.3990., and below there the pound could well drop as low as 1.3800.