UK inflation is the highest of the Western economies and therefore pushes the Bank of England to continue to raise rates, which adds to support for the GBP. The cross rate has been relatively static, but any increase in the interest rate differential, between the two currencies, could change the direction of the cross rate.
Current Level: 0.4862 (2.0567)
Resistance: 0.4875 (2.012)
Support: 0.4803 (2.0820)
Last Weeks Range: 0.4780-0.4859 2.0920-2.0580