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 1.5943, down 0.04% at time of writing.
The pair was likely to find support at 1.5891, Tuesday’s low, and resistance at 1.6166, Monday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month whose figure was revised up from 91K.
Analysts had expected U.S. non-farm employment change to rise 100K last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8616 and GBP/JPY falling 0.46% to hit 124.44.
GBP/USD was trading at 1.5943, down 0.04% at time of writing.
The pair was likely to find support at 1.5891, Tuesday’s low, and resistance at 1.6166, Monday’s high.
Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 110K last month, from 116K in the preceding month whose figure was revised up from 91K.
Analysts had expected U.S. non-farm employment change to rise 100K last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8616 and GBP/JPY falling 0.46% to hit 124.44.