GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.6226.
The pair opened the Asian session at 1.6226, and is trading at 1.6166 at 4.00GMT. The pair is trading 0.37% lower from the New York session close.
The pair has its first short term resistance at 1.6225, followed by the next resistance at 1.6285. The first support is at 1.6129, with the subsequent support at 1.6093.
Public sector net borrowing in the UK is expected to be the key indicator for influencing the further trends in the currency pair.
The currency pair is trading lower its 20 Hr and 50 Hr moving averages.
