GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6278.
In the UK, the number of home loans issued by the BBA increased in June to 31,747, in comparison with 30,803 in April.
The pair opened the Asian session at 1.6278, and is trading at 1.6334 at 3.00GMT. The pair is trading 0.34% higher from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.6367, followed by the next resistance at 1.6400. The first support is at 1.6280, with the subsequent support at 1.6226.
Trading trends in the pair today are expected to be determined by data release on Gross Domestic Product (GDP) in the UK.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
