FXstreet.com (Barcelona) - The British Pound has jumped off from 1.4600 resistance level giving away about 70 pips 15 minutes after the release of UK GDP, which has posted the largest year on year decline since 1991.

The Pound has reached some pips above 1.4500, reversing partially gains posted on the rally from 1.4378. On its way down the Pound is about to test 1.4500, and if that level gives the GBP could fall to 44.50 before testing intra-week lows at 1.4360.

If the pound remains above 1.4500, next resistance area comes at 1.4570, before 1.4600. above here the Pound could set an attempt to take intra-week high at 1.4660.