GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2197.
In the Asian session, at GMT0300, the pair is trading at 1.2183, with the GBP trading 0.11% lower against the USD from yesterday’s close.
Overnight data indicated that UK’s RICS house price balance climbed to a level of 17.0 in September, rising for a second straight month, compared to a level of 13.0 in the previous month and surpassing market expectations for a rise to a level of 14.0.
The pair is expected to find support at 1.2119, and a fall through could take it to the next support level of 1.2055. The pair is expected to find its first resistance at 1.2286, and a rise through could take it to the next resistance level of 1.2389.
Investors would turn their attention to a speech by the Bank of England’s (BoE) Governor, Mark Carney, slated to release later in the day.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
