GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 1.05% against the USD and closed at 1.3337 on Friday.
On the data front, the Bank of England (BoE) reports that it expects consumer inflation expectations to advance 3.1% in 2020, compared to a rise of 3.3% in 2019.
In the Asian session, at GMT0400, the pair is trading at 1.3390, with the GBP trading 0.40% higher against the USD from Friday’s close.
Earlier in the session, data revealed that Britain’s Rightmove house price index rose 0.8% on a yearly basis in December, compared to an increase of 0.3% in the previous month.
The pair is expected to find support at 1.3303, and a fall through could take it to the next support level of 1.3216. The pair is expected to find its first resistance at 1.3480, and a rise through could take it to the next resistance level of 1.3570.
Moving ahead, investors would await UK’s Markit manufacturing and services PMIs for December, scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
