British Pound (GBP)

The Pound gained slightly versus the Dollar but is still unable to break above or below the 1.6350 and 1.62 range. RICS House Price Balance came out weaker with 35% versus 39% forecast. Overall, GBP/USD traded with a low of 1.6188 and a high of 1.6324. Today, CPI is expected with 1.8% versus 1.5% prior.

GBP/USD - Last: 1.6300

Resistance

1.6340

1.6380

1.6425

Support

1.6250

1.6190

1.6150

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