Investing.com - The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.K. data on CPI.
GBP/USD was trading at 1.6207, up 0.10% at time of writing.
The pair was likely to find support at 1.6147, Friday’s low, and resistance at 1.6380, Thursday’s high.
Earlier in the day, official data showed that Consumer price inflation in the U.K. rose more-than-expected to a seasonally adjusted annual rate of 4.5% last month from 4.0% in the preceding month.
Analysts had expected U.K. consumer price inflation to rise 4.1% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8742 and GBP/JPY rising 0.81% to hit 131.87.
GBP/USD was trading at 1.6207, up 0.10% at time of writing.
The pair was likely to find support at 1.6147, Friday’s low, and resistance at 1.6380, Thursday’s high.
Earlier in the day, official data showed that Consumer price inflation in the U.K. rose more-than-expected to a seasonally adjusted annual rate of 4.5% last month from 4.0% in the preceding month.
Analysts had expected U.K. consumer price inflation to rise 4.1% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8742 and GBP/JPY rising 0.81% to hit 131.87.