GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD, on Friday, and closed at 1.5884.
In the UK, the output price inflation, on annual basis remained unchanged at 6.1% in August. Additionally, the input price index advanced 16.2% (Y-o-Y) in August, compared to an 18.3% rise recorded in the previous month.
The pair opened the Asian session at 1.5852, and is trading at 1.5851 at 3.00GMT. GBP is trading 0.21% lower versus USD from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.5953, followed by the next resistance at 1.6055. The first support is at 1.5787, with the subsequent support at 1.5723.
Trading trends in the pair today are expected to be determined by release of housing data in the UK.
The currency pair is trading below its 20 Hr and its 50 Hr moving averages.
