GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6325.
In the US, the seasonally adjusted housing starts increased by 7.2% to an annual rate of 549,000 in March, following an upwardly revised figure of 512,000 recorded in February.
The pair opened the Asian session at 1.6325, and is trading at 1.6340 at 3.00GMT. The pair is trading 0.09% higher from the New York session close.
The pair has its first short term resistance at 1.6384, followed by the next resistance at 1.6428. The first support is at 1.6261, with the subsequent support at 1.6182.
Trading trends in the pair today are expected to be determined by release of Bank of England minutes in the UK.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
