Daily maximum: 1.5815
Daily minimum: 1.5745
The British pound moved lower today as worries over the European Union economic stability intensified; in addition to that, the British economy posted the unemployment rate at 8.3% which is more-than-forecast. Resistance (1.5889; 1.5977; 1.6111) lines remained intact today, whereas a breach of support 1 at 1.5756 exposes the last two support lines at 1.5710 and 1.5576. Meanwhile, the daily market stance is bearish.