The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Building Permits.
GBP/USD was trading at 1.5688, down 1.19% at time of writing.
The pair was likely to find support at 1.5680, today’s low, and resistance at 1.6106, Friday’s high.
Earlier in the day, official data showed that the building permits issued fell unexpectedly to a seasonally adjusted 0.54M last month, from 0.57M in the preceding month.
Analysts had expected the number of building permits issued to rise to 0.58M last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8746 and GBP/JPY falling 0.85% to hit 127.92.
GBP/USD was trading at 1.5688, down 1.19% at time of writing.
The pair was likely to find support at 1.5680, today’s low, and resistance at 1.6106, Friday’s high.
Earlier in the day, official data showed that the building permits issued fell unexpectedly to a seasonally adjusted 0.54M last month, from 0.57M in the preceding month.
Analysts had expected the number of building permits issued to rise to 0.58M last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8746 and GBP/JPY falling 0.85% to hit 127.92.