Investing.com - The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.
GBP/USD was trading at 1.5831, up 0.75% at time of writing.
The pair was likely to find support at 1.5632, Tuesday’s low, and resistance at 1.5853, Friday’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.38% to hit 0.8718 and GBP/JPY rising 0.70% to hit 121.55.
GBP/USD was trading at 1.5831, up 0.75% at time of writing.
The pair was likely to find support at 1.5632, Tuesday’s low, and resistance at 1.5853, Friday’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.38% to hit 0.8718 and GBP/JPY rising 0.70% to hit 121.55.