FX : GBP/USD: Pound continues sliding, approaches 1.6300
FXstreet.com (Barcelona) - Pound's decline from Thursday's high at 1.6665 is extending on Monday, as the Sterling continues sliding and, after having declined below 1.6335 (Jul 29 low) the pair approaches 1.6300.
Below 1.6335, the Pound could find support at 1.6300/10 (Jul 22 low) and below here 1.6265 (Jul 17 low). On the upside, resistance levels lie at 1.6390 (Aug 12 low) and above here 1.6430 (Aug 10 and 11 low) and 1.6525 (Aug 11 low).
