FXstreet.com (Barcelona) - Sterling's two-week rally from 1.3500 has refused to take resistance at 1.5000 and has dropped back to support line at 1.4761, breaking, thus the lower bound of the upward rising channel from 1.4050 (Feb 2 low).

If support at 1.4761 gives, next support level remains at 1.4701 (Monday's low) and 1.4645. On the upside, 1.4895 and 1.50 are important key levels.