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 1.6039, up 0.56% at time of writing.
The pair was likely to find support at 1.5877, today’s low, and resistance at 1.6166, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up from 402K.
Analysts had expected Initial Jobless Claims to fall to 400K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8616 and GBP/JPY rising 0.62% to hit 125.24.
GBP/USD was trading at 1.6039, up 0.56% at time of writing.
The pair was likely to find support at 1.5877, today’s low, and resistance at 1.6166, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up from 402K.
Analysts had expected Initial Jobless Claims to fall to 400K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.05% to hit 0.8616 and GBP/JPY rising 0.62% to hit 125.24.