British Pound (GBP)

The Pound weakened against the Dollar and the Euro after Britain's government announced a planned of 800 million GBP extra tax on banks. The GBP/USD's support is 1.6000 on the daily chart, if the pair breakdown this level the US Dollar will be more attractive. Overall, GBP/USD traded with a low of 1.6027 and with a high of 1.6162. Today, Trade Balance is expected at -8.60B vs. -8.70B.

 

GBP/USD - Last: 1.6067

 

Resistance

1.6100

1.6170

1.6230

Support

1.6030

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