GBP/USD finds support near 1.4400

The Sterling remains entrenched in the negative territory today, driving GBP/USD lower to test the 1.4400 neighbourhood.

GBP/USD weaker ahead of FOMC, ‘Brexit’ eyed

The pair has quickly shrugged off positive results from the UK’s labour market, resuming its downside and eroding gains seen earlier in the week.

GBP remains under pressure following mixed opinions from polls on the UK referendum, where latest results saw the ‘Remain’ vote still on the lead, although discrepancies still persist between telephone and Internet polls. 

Ahead in the session, the FOMC minutes are due in the European evening, with prior surveys leaning toward a dovish tone from the Committee.

GBP/USD levels to consider

As of writing the pair is retreating 0.31% at 1.4418 facing the next support at 1.4342 (20-day sma) ahead of 1.4088 (low Apr.14) and finally 1.4004 (low Apr.6). On the flip side, a break above 1.4531 (high May 12) would aim for 1.4670 (high Feb.4) and then 1.4770 (high May 3).