Investing.com - The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.
GBP/USD was trading at 1.6370, down 0.02% at time of writing.
The pair was likely to find support at 1.6216, Friday’s low, and resistance at 1.6466, Thursday’s high.
Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% last month from 0.5% in the preceding month whose figure was revised down from 0.6%.
Analysts had expected U.S. core retail sales to rise 0.2% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8827 and GBP/JPY rising 0.24% to hit 131.69.
GBP/USD was trading at 1.6370, down 0.02% at time of writing.
The pair was likely to find support at 1.6216, Friday’s low, and resistance at 1.6466, Thursday’s high.
Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% last month from 0.5% in the preceding month whose figure was revised down from 0.6%.
Analysts had expected U.S. core retail sales to rise 0.2% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8827 and GBP/JPY rising 0.24% to hit 131.69.