Investing.com - The pound was almost unchanged against the U.S. dollar on Thursday, hovering close to one-week lows as investors eyed the release of upcoming U.S. personal spending and jobless claims data for further indications on the strength of the economy.
GBP/USD hit 1.5677 during European morning trade, the session low; the pair subsequently consolidated at 1.5696.
Cable was likely to find support at 1.5622, the low of June 17 and resistance at 1.5806, Wednesday's high.
The dollar found support after the Commerce Department reported on Wednesday that U.S. gross domestic product contracted at a rate of 0.2% in the three months ending March 31, in line with expectations and compared to a previous estimate of a 0.7% contraction.
Meanwhile, market sentiment remained under pressure after late night talks between Greek Prime Minister Alexis Tsipras, the European Commission, the European Central Bank and the International Monetary Fund ended without agreement on Wednesday.
Discussions were expected to resume in Brussels on Thursday morning, ahead of a Eurogroup meeting of euro zone finance ministers scheduled later in the day.
Tsipras had told associates on Wednesday that some of Greece's latest proposed reform measures had not been accepted by creditors.
Greece has to repay € 1.6 billion to the IMF on June 30 or face going into default, which could trigger the country’s exit from the euro area.
Sterling was little changed against the euro, with EUR/GBP at 0.7129.
Earlier Thursday, data showed that Germany's Gfk consumer climate index ticked down to 10.1 in June from 10.2 the previous month, in line with expectations.