GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP traded flat against the USD, on Friday, and closed at 1.6232.
Bank of England Chief Economist, Spencer Dale stated that monetary policy makers should boost interest rates to control inflation, even if the UK’s economic recovery isn’t yet guaranteed.
The pair opened the Asian session at 1.6219, and is trading at 1.6208 at 3.00GMT. The pair is trading 0.15% lower from the New York session close.
The pair has its first short term resistance at 1.6289, followed by the next resistance at 1.6369. The first support is at 1.6145, with the subsequent support at 1.6081.
The currency pair is showing convergence with its 50 Hr moving average and is trading just below its 20 Hr moving average.
