GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.6779, as the latter advanced following an upbeat US weekly jobless claims data.
Meanwhile, in the UK, the Bank of England (BoE), at its April policy meeting, kept its interest rate unchanged at a record-low 0.5% and maintained the size of its asset purchase facility at £375.0 billion, broadly in-line with market expectations.
In the Asian session, at GMT0300, the pair is trading at 1.6777, with the GBP trading tad lower from yesterday’s close.
The pair is expected to find support at 1.6753, and a fall through could take it to the next support level of 1.6729. The pair is expected to find its first resistance at 1.6802, and a rise through could take it to the next resistance level of 1.6827.
During the later course of the day, the Conference Board (CB) is expected to publish a report on its leading economic index for the UK.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
