Investing.com - The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.6114, up 0.80% at time of writing.
The pair was likely to find support at 1.5954, Tuesday’s low, and resistance at 1.6280, Friday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 435.00K last week from 459.00K in the preceding week whose figure was revised up from 457.00K.
Analysts had expected Initial Jobless Claims to fall to 450.00K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.78% to hit 0.8549 and GBP/JPY rising 1.57% to hit 132.64.
GBP/USD was trading at 1.6114, up 0.80% at time of writing.
The pair was likely to find support at 1.5954, Tuesday’s low, and resistance at 1.6280, Friday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 435.00K last week from 459.00K in the preceding week whose figure was revised up from 457.00K.
Analysts had expected Initial Jobless Claims to fall to 450.00K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.78% to hit 0.8549 and GBP/JPY rising 1.57% to hit 132.64.