Investing.com - The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.5799, up 0.19% at time of writing.
The pair was likely to find support at 1.5707, Wednesday’s low, and resistance at 1.5885, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K.
Analysts had expected Initial Jobless Claims to fall to 410K last week.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.73% to hit 0.8786 and GBP/JPY rising 0.20% to hit 121.08.
GBP/USD was trading at 1.5799, up 0.19% at time of writing.
The pair was likely to find support at 1.5707, Wednesday’s low, and resistance at 1.5885, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K.
Analysts had expected Initial Jobless Claims to fall to 410K last week.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.73% to hit 0.8786 and GBP/JPY rising 0.20% to hit 121.08.