GBP/USD: UK’s Rightmove house prices declined in March


GBPUSD Movement

For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.3285 on Friday.

In the Asian session, at GMT0400, the pair is trading at 1.3297, with the GBP trading 0.09% higher against the USD from Friday’s close.

Overnight data revealed that UK’s Rightmove house price index retreated 0.8% on a yearly basis in March. The index had registered a climb of 0.2% in the previous month.

The pair is expected to find support at 1.3233, and a fall through could take it to the next support level of 1.3170. The pair is expected to find its first resistance at 1.3330, and a rise through could take it to the next resistance level of 1.3364.

In absence of key economic releases in UK today, investor sentiment would be determined by global macroeconomic events.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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