GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5594.
In the UK, the nationwide housing prices rose 0.1% (M-o-M) in September, following a 0.6% drop in August. The money supply dropped 0.2% (M-o-M) in August, after remaining flat in July. The number of loan approvals for house purchase increased to 52,410 in August, from 49,644 registered in the previous month.
This morning, the Consumer Confidence Index in the UK rose to -30 in September, from -31 in August.
The pair opened the Asian session at 1.5594, and is trading at 1.5592 at 3.00GMT. GBP is trading steady versus USD from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.5679, followed by the next resistance at 1.5765. The first support is at 1.5543, with the subsequent support at 1.5493.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
