Investing.com - The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.
GBP/USD was trading at 1.6502, up 0.29% at time of writing.
The pair was likely to find support at 1.6421, Thursday’s low, and resistance at 1.6618, Friday’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 298K last month from 300K in the preceding month whose figure was revised down from 312K.
Analysts had expected new home sales to fall to 310K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8749 and GBP/JPY rising 0.16% to hit 126.55.
GBP/USD was trading at 1.6502, up 0.29% at time of writing.
The pair was likely to find support at 1.6421, Thursday’s low, and resistance at 1.6618, Friday’s high.
Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally adjusted annual rate of 298K last month from 300K in the preceding month whose figure was revised down from 312K.
Analysts had expected new home sales to fall to 310K last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8749 and GBP/JPY rising 0.16% to hit 126.55.