GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.6350.
The Bank of England policy maker, Paul Tucker stated that policy makers across the world would need to deepen cooperation and share information to ensure future financial stability.
The pair opened the Asian session at 1.635, and is trading at 1.6338 at 3.00GMT. The pair is trading 0.07% lower from the New York session close.
The pair has its first short term resistance at 1.6393, followed by the next resistance at 1.6449. The first support is at 1.6273, with the subsequent support at 1.6209.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
