Investing.com - The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Services PMI.
GBP/USD was trading at 1.5539, up 0.04% at time of writing.
The pair was likely to find support at 1.5470, Tuesday’s low, and resistance at 1.5606, Wednesday’s high.
Earlier in the day, official data showed that Service sector activity in the U.K. rose unexpectedly to a seasonally adjusted annual rate of 52.9 last month from 52.4 in the preceding month.
Analysts had expected U.K. Services PMI to remain unchanged at 52.4 last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8435 and GBP/JPY rising 0.31% to hit 152.60.
GBP/USD was trading at 1.5539, up 0.04% at time of writing.
The pair was likely to find support at 1.5470, Tuesday’s low, and resistance at 1.5606, Wednesday’s high.
Earlier in the day, official data showed that Service sector activity in the U.K. rose unexpectedly to a seasonally adjusted annual rate of 52.9 last month from 52.4 in the preceding month.
Analysts had expected U.K. Services PMI to remain unchanged at 52.4 last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.29% to hit 0.8435 and GBP/JPY rising 0.31% to hit 152.60.