Investing.com - The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.
GBP/USD was trading at 1.6196, down 0.59% at time of writing.
The pair was likely to find support at 1.6184, today’s low, and resistance at 1.6517, Wednesday’s high.
Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, from 0.5% in the preceding month.
Analysts had expected CPI to rise 0.4% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8748 and GBP/JPY falling 0.87% to hit 130.72.
GBP/USD was trading at 1.6196, down 0.59% at time of writing.
The pair was likely to find support at 1.6184, today’s low, and resistance at 1.6517, Wednesday’s high.
Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, from 0.5% in the preceding month.
Analysts had expected CPI to rise 0.4% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8748 and GBP/JPY falling 0.87% to hit 130.72.