Investing.com - The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.K. data on CPI.
GBP/USD was trading at 1.6253, down 0.57% at time of writing.
The pair was likely to find support at 1.6228, today’s low, and resistance at 1.6427, Friday’s high.
Earlier in the day, official data showed that Consumer price inflation in the U.K. rose less-than-expected to a seasonally adjusted annual rate of 4.00% last month from 4.40% in the preceding month.
Analysts had expected U.K. consumer price inflation to rise 4.40% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.86% to hit 0.8908 and GBP/JPY falling 1.68% to hit 135.96.
GBP/USD was trading at 1.6253, down 0.57% at time of writing.
The pair was likely to find support at 1.6228, today’s low, and resistance at 1.6427, Friday’s high.
Earlier in the day, official data showed that Consumer price inflation in the U.K. rose less-than-expected to a seasonally adjusted annual rate of 4.00% last month from 4.40% in the preceding month.
Analysts had expected U.K. consumer price inflation to rise 4.40% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.86% to hit 0.8908 and GBP/JPY falling 1.68% to hit 135.96.