Investing.com - The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.
GBP/USD was trading at 1.5519, down 1.37% at time of writing.
The pair was likely to find support at 1.5518, today’s low, and resistance at 1.5841, Friday’s high.
Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.
Analysts had expected existing home sales to rise to 4.75M last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.72% to hit 0.8771 and GBP/JPY falling 1.08% to hit 118.99.
GBP/USD was trading at 1.5519, down 1.37% at time of writing.
The pair was likely to find support at 1.5518, today’s low, and resistance at 1.5841, Friday’s high.
Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 5.03M last month from 4.67M in the preceding month.
Analysts had expected existing home sales to rise to 4.75M last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.72% to hit 0.8771 and GBP/JPY falling 1.08% to hit 118.99.