GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP rose 0.08% against the USD and closed at 1.6057.
On Friday, the Conference Board’s leading economic index in the UK rose 0.2% in August, compared to a 0.1% rise in July.
In the Asian session, at GMT0300, the pair is trading at 1.6041, with the GBP trading 0.1% lower from Friday’s close.
This morning, on an annual basis, house prices in the UK rose 1.5% in October, following a 0.7% gain in the previous month.
The pair is expected to find support at 1.6007, and a fall through could take it to the next support level of 1.5974. The pair is expected to find its first resistance at 1.6086, and a rise through could take it to the next resistance level of 1.6131.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
