Investing.com - The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales.
GBP/USD was trading at 1.6110, down 0.78% at time of writing.
The pair was likely to find support at 1.6092, today’s low, and resistance at 1.6402, Tuesday’s high.
Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected to a seasonally adjusted -0.80% last month, from 1.50% in the preceding month whose figure was revised down from 1.90%.
Analysts had expected retail sales to fall -0.40% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 1.40% to hit 0.8800 and GBP/JPY falling 0.70% to hit 130.45.
GBP/USD was trading at 1.6110, down 0.78% at time of writing.
The pair was likely to find support at 1.6092, today’s low, and resistance at 1.6402, Tuesday’s high.
Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected to a seasonally adjusted -0.80% last month, from 1.50% in the preceding month whose figure was revised down from 1.90%.
Analysts had expected retail sales to fall -0.40% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 1.40% to hit 0.8800 and GBP/JPY falling 0.70% to hit 130.45.