Investing.com - The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
GBP/USD was trading at 1.5961, down 0.24% at time of writing.
The pair was likely to find support at 1.5754, Friday’s low, and resistance at 1.6042, today’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose more-than-expected to a seasonally adjusted 1.7% last month from -0.4% in the preceding month whose figure was revised down from -0.1%.
Analysts had expected Core durable goods orders to rise 0.5% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8709 and GBP/JPY falling 0.04% to hit 121.70.
GBP/USD was trading at 1.5961, down 0.24% at time of writing.
The pair was likely to find support at 1.5754, Friday’s low, and resistance at 1.6042, today’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose more-than-expected to a seasonally adjusted 1.7% last month from -0.4% in the preceding month whose figure was revised down from -0.1%.
Analysts had expected Core durable goods orders to rise 0.5% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8709 and GBP/JPY falling 0.04% to hit 121.70.