GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.11% against the USD and closed at 1.5446.
In the Asian session, at GMT0300, the pair is trading at 1.5441, with the GBP trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.5415, and a fall through could take it to the next support level of 1.5389. The pair is expected to find its first resistance at 1.5487, and a rise through could take it to the next resistance level of 1.5534.
Moving ahead, investors will look forward to Britain’s public sector net borrowing data, scheduled to be released in a few hours. Additionally, speech from the BoE Governor, Mark Carney scheduled later today would grab lot of market attention.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
