British Pound (GBP)

The Sterling lost its ground against the Dollar after it touched its critical resistance level at 1.6280 and since then it felt to 1.61 levels. The Retail Sales came out 0.3% worse than expected 1.3%. This data extended the weakness of the Pound also against the Euro. As long as the Pound keeps above the 1.6080 level it can rebound back to 1.6280 zones. Overall, GBP/USD traded with a low of 1.6077 and a high of 1.6282. Today, no economic data expected.

GBP/USD - Last: 1.6015

Resistance

1.6200

1.6250

1.6320

Support

1.6075

1.6020

1.5950

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