The Pound rose against the Dollar after PPI Output came out 0.30% as expected. Next resistance on the daily chart is at 1.5900 on 13th Dec 2010 . If the rate breaks above this a long position is preferred; if down, the pair could decline to 1.5600. Overall, GBP/USD traded with a low of 1.5747 and a high of 1.5862. Today, PPI Input is expected at 0.50% vs. 2.10% previously.