GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.52% against the USD and closed at 1.6174.
The pair opened the Asian session at 1.6174, and is trading at 1.6175 at 4.00GMT. The pair is trading 0.01% higher from the New York session close.
The pair has its first short term resistance at 1.6216, followed by the next resistance at 1.6257. The first support is at 1.6105, with the subsequent support at 1.6035.
Investors are eying BoE’s Governor, King’s speech and awaiting economic releases such as retail sales in the UK later today.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
