Investing.com - The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.
GBP/USD was trading at 1.5506, down 0.52% at time of writing.
The pair was likely to find support at 1.5426, Friday’s low, and resistance at 1.5664, Friday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 297.00K last month, from 92.00K in the preceding month whose figure was revised down from 93.00K.
Analysts had expected U.S. non-farm employment change to rise 100.00K last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.66% to hit 0.8482 and GBP/JPY rising 1.00% to hit 129.14.
GBP/USD was trading at 1.5506, down 0.52% at time of writing.
The pair was likely to find support at 1.5426, Friday’s low, and resistance at 1.5664, Friday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 297.00K last month, from 92.00K in the preceding month whose figure was revised down from 93.00K.
Analysts had expected U.S. non-farm employment change to rise 100.00K last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.66% to hit 0.8482 and GBP/JPY rising 1.00% to hit 129.14.