Investing.com – The pound extended gains against the U.S. dollar on Thursday, rising to a fresh 3-day high, after U.S. initial jobless claims fell for the first time in 4 weeks.
GBP/USD hit 1.5590 during European afternoon trade, the pair's highest since August 23; the pair subsequently consolidated at 1.5578, gaining 0.72%.
Cable is likely to find support at 1.5389, Wednesday’s low, and resistance at 1.5618, the high of August 23.
Earlier in the day, official U.S. data showed that the number of individuals filing for initial jobless benefits in the week ending August 21 declined to a seasonally adjusted 473K, after increasing to a revised 504K in the preceding week.
Analysts had expected jobless claims to decline to 485K in the week ending August 21.
The pound was also up against the euro, with EUR/GBP shedding 0.11% to hit 0.8179.
Earlier in the day, U.K. industry data showed that retail sales rose unexpectedly in July.
GBP/USD hit 1.5590 during European afternoon trade, the pair's highest since August 23; the pair subsequently consolidated at 1.5578, gaining 0.72%.
Cable is likely to find support at 1.5389, Wednesday’s low, and resistance at 1.5618, the high of August 23.
Earlier in the day, official U.S. data showed that the number of individuals filing for initial jobless benefits in the week ending August 21 declined to a seasonally adjusted 473K, after increasing to a revised 504K in the preceding week.
Analysts had expected jobless claims to decline to 485K in the week ending August 21.
The pound was also up against the euro, with EUR/GBP shedding 0.11% to hit 0.8179.
Earlier in the day, U.K. industry data showed that retail sales rose unexpectedly in July.