GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.3249.
Yesterday, the British Prime Minister, Theresa May and the President of the European Commission, Jean-Claude Juncker, agreed that the pace of negotiations over Britain’s exit from the European Union should be accelerated.
In the Asian session, at GMT0300, the pair is trading at 1.3263, with the GBP trading 0.11% higher from yesterday’s close.
The pair is expected to find support at 1.3221, and a fall through could take it to the next support level of 1.318. The pair is expected to find its first resistance at 1.3308, and a rise through could take it to the next resistance level of 1.3354.
Going ahead, traders would eye a speech by the Bank of England (BoE) Governor, Mark Carney as well as the release of UK’s crucial inflation data for September, due to in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
