Investing.com - The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.
GBP/USD was trading at 1.6414, up 0.85% at time of writing.
The pair was likely to find support at 1.6122, Thursday’s low, and resistance at 1.6429, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to a seasonally adjusted annual rate of 312K last month from 315K in the preceding month whose figure was revised down from 319K.
Analysts had expected new home sales to rise to 320K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8842 and GBP/JPY rising 0.39% to hit 127.91.
GBP/USD was trading at 1.6414, up 0.85% at time of writing.
The pair was likely to find support at 1.6122, Thursday’s low, and resistance at 1.6429, today’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to a seasonally adjusted annual rate of 312K last month from 315K in the preceding month whose figure was revised down from 319K.
Analysts had expected new home sales to rise to 320K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8842 and GBP/JPY rising 0.39% to hit 127.91.