Investing.com - The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.
GBP/USD was trading at 1.5819, down 0.28% at time of writing.
The pair was likely to find support at 1.5763, today’s low, and resistance at 1.6083, Thursday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell unexpectedly to a seasonally adjusted -134.2B last month from -129.4B in the preceding month.
Analysts had expected U.S. federal budget balance to rise to -126.5B last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8676 and GBP/JPY falling 0.75% to hit 121.57.
GBP/USD was trading at 1.5819, down 0.28% at time of writing.
The pair was likely to find support at 1.5763, today’s low, and resistance at 1.6083, Thursday’s high.
Earlier in the day, official data showed that The U.S. federal budget balance fell unexpectedly to a seasonally adjusted -134.2B last month from -129.4B in the preceding month.
Analysts had expected U.S. federal budget balance to rise to -126.5B last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8676 and GBP/JPY falling 0.75% to hit 121.57.