GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 1.77% against the USD and closed at 1.3008 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.3044, with the GBP trading 0.28% higher against the USD from Friday’s close.
Early morning data indicated that UK’s Rightmove house price index advanced by 0.7% on a monthly basis in September, after recording a drop of 1.2% In the prior month.
The pair is expected to find support at 1.2944, and a fall through could take it to the next support level of 1.2845. The pair is expected to find its first resistance at 1.3191, and a rise through could take it to the next resistance level of 1.3339.
Amid no crucial economic releases in Britain today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
