The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on GDP.
GBP/USD was trading at 1.5824, down 0.12% at time of writing.
The pair was likely to find support at 1.5656, Friday’s low, and resistance at 1.5896, Tuesday’s high.
Earlier in the day, preliminary official data showed that U.K.’s gross domestic product rose more-than-expected to a seasonally adjusted 0.80% in the last quarter from 1.20% in the preceding quarter.
Analysts had expected U.K.’s gross domestic product to rise 0.40% in the last quarter.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8730 and GBP/JPY rising 0.22% to hit 129.32.
GBP/USD was trading at 1.5824, down 0.12% at time of writing.
The pair was likely to find support at 1.5656, Friday’s low, and resistance at 1.5896, Tuesday’s high.
Earlier in the day, preliminary official data showed that U.K.’s gross domestic product rose more-than-expected to a seasonally adjusted 0.80% in the last quarter from 1.20% in the preceding quarter.
Analysts had expected U.K.’s gross domestic product to rise 0.40% in the last quarter.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8730 and GBP/JPY rising 0.22% to hit 129.32.