GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.34% against the USD and closed at 1.4900.
Yesterday, a private survey in the UK predicted that the British economy would grow 2.8% in 2015, despite political uncertainty prevailing in the nation ahead of the election.
In the Asian session, at GMT0300, the pair is trading at 1.4889, with the GBP trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 1.4852, and a fall through could take it to the next support level of 1.4815. The pair is expected to find its first resistance at 1.4954, and a rise through could take it to the next resistance level of 1.5020.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
