Investing.com - The pound was steady against the U.S. dollar on Friday, trading near seven-day lows after the release of downbeat U.K. home prices data, while markets eyed an upcoming U.S. employment report later in the day.
GBP/USD hit 1.6578 during European morning trade, the session low; the pair subsequently consolidated at 1.6587, easing 0.06%.
Cable was likely to find support at 1.6510, the low of March 26 and resistance at 1.6661, Thursday's high.
Official data earlier showed that the Halifax house price index declined by 1.1% in March, confounding expectations for a 0.7% rise, after a 2.4% increase the previous month.
Meanwhile, markets were eyeing upcoming U.S. nonfarm payrolls data, to be released later in the day, after payroll processing firm ADP reported on Wednesday that the U.S. private sector added 191,000 jobs last month, slightly below expectations for jobs growth of 195,000.
Sterling was fractionally higher against the euro, with EUR/GBP edging down 0.08% to 0.8259.
Sentiment on the single currency remained vulnerable after European Central Bank President Mario Draghi played down the risk of deflation in the euro zone on Thursday, but added that the bank has not ruled out further policy action, including quantitative easing.
The comments came after the central bank left rates on hold at a record low 0.25%.