GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.5792.
In the UK, the Hometrack house price index fell 0.1% (MoM) in August, in line with the market expectations.
Meanwhile, the US Dallas Fed manufacturing business index improved more-than-expected to -1.6 in August, from -13.2 in July.
In the Asian session, at GMT0300, the pair is trading at 1.5772, with the GBP trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 1.5742, and a fall through could take it to the next support level of 1.5711. The pair is expected to find its first resistance at 1.5816, and a rise through could take it to the next resistance level of 1.5859.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
