GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.5728.
This morning in the UK, the nationwide consumer confidence declined to 48.0 in August, from 49.0 in the previous month.
The pair opened the Asian session at 1.5728, and is trading at 1.5727 at 3.00GMT. GBP is trading flat versus USD from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.5764, followed by the next resistance at 1.5800. The first support is at 1.5675, with the subsequent support at 1.5622.
Investors are eying the Bank of England (BoE) Minutes along with other economic releases in the UK to be released later today.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
