Investing.com - The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.
GBP/USD was trading at 1.6359, down 0.54% at time of writing.
The pair was likely to find support at 1.6358, today’s low, and resistance at 1.6547, Tuesday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 38K last month, from 177K in the preceding month whose figure was revised down from 179K.
Analysts had expected U.S. non-farm employment change to rise 178K last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.42% to hit 0.8788 and GBP/JPY falling 1.28% to hit 132.39.
GBP/USD was trading at 1.6359, down 0.54% at time of writing.
The pair was likely to find support at 1.6358, today’s low, and resistance at 1.6547, Tuesday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 38K last month, from 177K in the preceding month whose figure was revised down from 179K.
Analysts had expected U.S. non-farm employment change to rise 178K last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.42% to hit 0.8788 and GBP/JPY falling 1.28% to hit 132.39.