Pound Trading A Tad Higher Ahead Of Britain’s Markit Manufacturing Data
GCI Financial | Jun 01, 2015 02:27AM ET
On Friday, GBP marginally declined 0.25%against the USD and closed at 1.5283.
Data released showed that Lloyds (LONDON:LLOY) business barometer in the UK climbed to 55.00 in May, compared to a level of 53.00 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.5291, with the GBP trading marginally higher from Friday’s close.
The pair is expected to find support at 1.5237, and a fall through could take it to the next support level of 1.5182. The pair is expected to find its first resistance at 1.5345, and a rise through could take it to the next resistance level of 1.5399.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
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