Investing.com - The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on Industrial Production.
GBP/USD was trading at 1.6244, down 0.74% at time of writing.
The pair was likely to find support at 1.6216, today’s low, and resistance at 1.6473, Tuesday’s high.
Earlier in the day, official data showed that Industral production in the U.K. fell to a seasonally adjusted -1.7% last month from 0.2% in the preceding month whose figure was revised down from 0.3%.
Analysts had expected U.K. industrial production to remain unchanged at 0.0% last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8848 and GBP/JPY falling 0.87% to hit 130.38.
GBP/USD was trading at 1.6244, down 0.74% at time of writing.
The pair was likely to find support at 1.6216, today’s low, and resistance at 1.6473, Tuesday’s high.
Earlier in the day, official data showed that Industral production in the U.K. fell to a seasonally adjusted -1.7% last month from 0.2% in the preceding month whose figure was revised down from 0.3%.
Analysts had expected U.K. industrial production to remain unchanged at 0.0% last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8848 and GBP/JPY falling 0.87% to hit 130.38.