GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.5108.
In economic news, Britain’s Lloyds business barometer advanced to 45.0 in December, compared to a level of 42.0 registered in the prior month.
In the Asian session, at GMT0400, the pair is trading at 1.5095, with the GBP trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 1.5047, and a fall through could take it to the next support level of 1.5000. The pair is expected to find its first resistance at 1.5150, and a rise through could take it to the next resistance level of 1.5205.
Going forward, investors would keep a tab on the BoE’s crucial monetary policy meeting, scheduled in few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
