Investing.com - The pound plummeted to a 4-day low against the U.S. dollar on Thursday, in the wake of a flurry of upbeat economic data in the United States and disappointing unemployment figures in Britain.
GBP/USD hit 1.5603 as the European trading session began, its lowest rate since last Friday; the pair subsequently hovered around 1.5621, shedding 0.33%. Cable was likely to find support at 1.5535, the low of Feb. 8, and resistance at 1.5816, Wednesday's high.
Sterling also tumbled against the yen, with GBP/JPY dropping 0.65% to reach 142.09.
On Wednesday, the U.S. released positive data on housing starts, industrial production, import prices and the federal budget balance.
Meanwhile, the U.S. Department of Labor was set to publish on Thursday the latest data on jobless claims, a key measure of the job market's health.