Investing.com - The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Federal Budget Balance.
GBP/USD was trading at 1.5931, up 0.10% at time of writing.
The pair was likely to find support at 1.5869, today’s low, and resistance at 1.6130, Tuesday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure was revised up from -64.6B.
Analysts had expected U.S. federal budget balance to fall to -110.3B last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.34% to hit 0.8539 and GBP/JPY falling 0.12% to hit 123.70.
GBP/USD was trading at 1.5931, up 0.10% at time of writing.
The pair was likely to find support at 1.5869, today’s low, and resistance at 1.6130, Tuesday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell less-than-expected to a seasonally adjusted -98.5B last month from -61.5B in the preceding month whose figure was revised up from -64.6B.
Analysts had expected U.S. federal budget balance to fall to -110.3B last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.34% to hit 0.8539 and GBP/JPY falling 0.12% to hit 123.70.