GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.4248.
On the economic front, UK’s CBI business optimism index climbed to a level of by -4.0 in January, from a reading of -12.0 recorded in previous month.
In the Asian session, at GMT0400, the pair is trading at 1.4229, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 1.4186, and a fall through could take it to the next support level of 1.4143. The pair is expected to find its first resistance at 1.4292, and a rise through could take it to the next resistance level of 1.4355.
Going ahead, investors will keep a close watch on the BoE Governor, Mark Carney’s speech, due in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
