British Pound moved lower today as the European economic conditions
deteriorated, spooking confidence among investors the debt problems will be
solved any time soon. Hence, the market mean at 1.5507 has been breached. None
of the resistance (1.5537/99; 1.5695) levels has been tested so far, though
investors might be aiming at support 2 (1.5407) and 3 (1.5312) as the daily
outlook remains strongly bearish.