FXstreet.com (Barcelona) - The Pound has risen about 80 pips to a maximum of 1.4781 minutes after the release of the CPI figures for February, although the pair has setback slightly, testing resistance level at the 1.4735 area.

Immediate resistance level remains at 1.4735, and above here 1.4760, once above here, buying pressure could drive the Pound towards 1.4875 and once above here Feb 9 high at 1.4986 would be exposed.

On the downside, below 1.4735, next support level lies at 1.4690, and below here, 1.4650 (Mar 23 high). Below here, intra-day support at 1.4620, and then 1.4585.