Investing.com – The pound's light rebound against the U.S. dollar on Thursday stalled ahead of the final TV debate between Britain's prime ministerial candidates, which will focus on the embattled British economy.
GBP/USD subsequently retreated from the daily high of 1.5267 during European midday trade to consolidate around 1.5234, gaining 0.17%. Cable was likely to find support at 1.5043, the low of March 31, and resistance at 1.5523, the high of April 15.
The pair's rebound came after it plunged to a 1-month low on Wednesday, amid fears that the euro zone's sovereign debt crisis could spread to Britain after Spain's credit rating was downgraded.
Earlier Thursday, data from Britain's biggest building society, Nationwide, showed that house prices rose 1% in April, taking the annual rate of inflation into double figures for the first time since June 2007.
Sterling also rose versus the yen on Thursday, meanwhile, with GBP/JPY advancing 0.15% to hit 143.23.
Later in the day, the U.S. Labor Department was set to publish a weekly report on initial jobless claims, an important gauge of overall economic health.
GBP/USD subsequently retreated from the daily high of 1.5267 during European midday trade to consolidate around 1.5234, gaining 0.17%. Cable was likely to find support at 1.5043, the low of March 31, and resistance at 1.5523, the high of April 15.
The pair's rebound came after it plunged to a 1-month low on Wednesday, amid fears that the euro zone's sovereign debt crisis could spread to Britain after Spain's credit rating was downgraded.
Earlier Thursday, data from Britain's biggest building society, Nationwide, showed that house prices rose 1% in April, taking the annual rate of inflation into double figures for the first time since June 2007.
Sterling also rose versus the yen on Thursday, meanwhile, with GBP/JPY advancing 0.15% to hit 143.23.
Later in the day, the U.S. Labor Department was set to publish a weekly report on initial jobless claims, an important gauge of overall economic health.