Investing.com - The pound was almost unchanged against the U.S. dollar on Friday, as markets eyed the release of U.S. data later in the day after Federal Reserve Chair Janet Yellen gave no indication on the timing of a potential rate hike.
GBP/USD hit 1.5199 during European morning trade, the session low; the pair subsequently consolidated at 1.5215.
Cable was likely to find support at 1.5111, the low of November 11 and resistance at 1.5326, the high of October 29.
The dollar weakened mildly after Fed Chair Janet Yellen refrained from giving any indications on the near-term outlook for the U.S. economy or monetary policy in a speech on Thursday.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 7 was unchanged from a week earlier at 276,000. Analysts had expected jobless claims to fall by 6,000 to 270,000.
The greenback still remained broadly supported as last week's strong U.S. employment data seemed to pave the way for the Fed to raise interest rates at its December meeting.
Sterling was higher against the euro, with EUR/GBP dropping 0.45% to 0.7070.
Preliminary data on Friday showed that German gross domestic product rose 0.3% in the third quarter, in line with expectations and down from the previous quarter's growth rate of 0.4%.
French GDP also rose 0.3% in the three months to September, in line with expectations.