GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.20% against the USD and closed at 1.4127.
In the Asian session, at GMT0300, the pair is trading at 1.4116, with the GBP trading 0.08% lower from yesterday’s close.
The pair is expected to find support at 1.4023, and a fall through could take it to the next support level of 1.3931. The pair is expected to find its first resistance at 1.4190, and a rise through could take it to the next resistance level of 1.4265.
With no major economic releases in the UK today, investors will look forward to the nation’s industrial production, manufacturing production and the NIESR GDP estimate data, scheduled to release tomorrow.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
