Investing.com - The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.
GBP/USD was trading at 1.6100, up 0.37% at time of writing.
The pair was likely to find support at 1.5878, Friday’s low, and resistance at 1.6179, today’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 43.00K last month, from -2.00K in the preceding month whose figure was revised up from -39.00K.
Analysts had expected U.S. non-farm employment change to rise 25.00K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.39% to hit 0.8782 and GBP/JPY rising 0.98% to hit 130.59.
GBP/USD was trading at 1.6100, up 0.37% at time of writing.
The pair was likely to find support at 1.5878, Friday’s low, and resistance at 1.6179, today’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 43.00K last month, from -2.00K in the preceding month whose figure was revised up from -39.00K.
Analysts had expected U.S. non-farm employment change to rise 25.00K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.39% to hit 0.8782 and GBP/JPY rising 0.98% to hit 130.59.