Investing.com – The pound was almost flat against the dollar on Thursday, after earlier approaching the 1.5 mark ahead of the release of key U.S. economic data later in the day.
During early European trade, GBP/USD hit a daily high at 1.4989; the pair subsequently consolidated around 1.4975, slipping 0.01%.
Cable was likely to find support at 1.4781, last Monday's low and a 10-month low, and resistance at 1.5575, the high of Feb. 23.
However, sterling rose slightly against the euro, with EUR/GBP shedding 0.08% to reach 0.9111.
Later in the day, the United States was due to publish its trade balance and release key data on unemployment claims.
The Bank of England, meanwhile, was set to release a report on inflation expectations.
On Wednesday, British Prime Minister Gordon Brown said he believed Britain would maintain its coveted top credit rating, in the wake of warnings by rating agencies over the country's fiscal policies.