GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.5587.
In the Asian session, at GMT0300, the pair is trading at 1.5561, with the GBP trading 0.16% lower from yesterday’s close.
In the midnight, the BRC retail sales monitor indicated that, on an annual basis, the like-for-like sales across the UK retail sector was up 1.2%, with total sales rising 2.2% in July. However, the total sales in food fell in July, the first time in 2015.
The pair is expected to find support at 1.5477, and a fall through could take it to the next support level of 1.5393. The pair is expected to find its first resistance at 1.5627, and a rise through could take it to the next resistance level of 1.5692.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
