British Pound (GBP)

The Pound weakened versus the Dollar but gained versus the Euro after CPI came out 1.9% versus 1.8% expected. The CPI figures show inflation is advancing and the U.K won't be able to keep interest rates at their record lows. Overall, GBP/USD traded with a low of 1.6205 and a high of 1.6319. Today, Claimant Count Change is expected with 13.9K versus 12.9K and MPC Member Miles will speak in London.

GBP/USD - Last: 1.6275

Resistance

1.6315

1.6350

1.6380

Support

1.6210

1.6160

1.6105

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