GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.6258, after a new poll on Wednesday revealed that people in support of Scotland’s independence from the UK were declining.
In the Asian session, at GMT0300, the pair is trading at 1.6233, with the GBP trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 1.6186, and a fall through could take it to the next support level of 1.614. The pair is expected to find its first resistance at 1.6279, and a rise through could take it to the next resistance level of 1.6326.
Amid a light economic calendar in the UK ahead in the week, the investors would shift their attention to BoE’s minutes of the latest policy meeting, slated to release in the next week.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
