Investing.com - The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.
GBP/USD was trading at 1.6129, up 0.04% at time of writing.
The pair was likely to find support at 1.5954, Tuesday’s low, and resistance at 1.6215, Monday’s high.
Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding month.
Analysts had expected UoM consumer sentiment to rise to 69.00 last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8474 and GBP/JPY rising 0.17% to hit 133.20.
GBP/USD was trading at 1.6129, up 0.04% at time of writing.
The pair was likely to find support at 1.5954, Tuesday’s low, and resistance at 1.6215, Monday’s high.
Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding month.
Analysts had expected UoM consumer sentiment to rise to 69.00 last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8474 and GBP/JPY rising 0.17% to hit 133.20.