GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6200.
In the UK, goods trade deficit narrowed to £7.06 billion in January from £9.69 billion in December.
The pair opened the Asian session at 1.6200, and is trading at 1.6181 at 4.00GMT. The pair is trading 0.12% lower from the New York session close.
The pair has its first short term resistance at 1.6235, followed by the next resistance at 1.6290. The first support is at 1.6135, with the subsequent support at 1.6090.
Investors are eying BoE interest rate decision with series of economic releases in the UK later today.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
