GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6642, as investors speculated that the Bank of England would raise rates ahead of its US counterpart after the Federal Reserve renewed its pledge to keep rates near zero to stimulate the economy.
The pair opened the Asian session at 1.6642, and is trading at 1.6646 at 3.00GMT. The pair is trading 0.02% higher from the New York session close.
The pair has its first short term resistance at 1.6722, followed by the next resistance at 1.6798. The first support is at 1.6595, with the subsequent support at 1.6544.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
