Investing.com - The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.
GBP/USD was trading at 1.5970, down 0.22% at time of writing.
The pair was likely to find support at 1.5938, Thursday’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a seasonally adjusted 0.6% last month from -0.4% in the preceding month whose figure was revised up from -1.5%.
Analysts had expected Core durable goods orders to rise 1.0% last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.34% to hit 0.8878 and GBP/JPY falling 0.28% to hit 128.50.
GBP/USD was trading at 1.5970, down 0.22% at time of writing.
The pair was likely to find support at 1.5938, Thursday’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a seasonally adjusted 0.6% last month from -0.4% in the preceding month whose figure was revised up from -1.5%.
Analysts had expected Core durable goods orders to rise 1.0% last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.34% to hit 0.8878 and GBP/JPY falling 0.28% to hit 128.50.