Investing.com - The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.5993, down 0.49% at time of writing.
The pair was likely to find support at 1.5938, today’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 429K last week from 420K 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 up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8903 and GBP/JPY falling 0.15% to hit 128.86.
GBP/USD was trading at 1.5993, down 0.49% at time of writing.
The pair was likely to find support at 1.5938, today’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 429K last week from 420K 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 up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8903 and GBP/JPY falling 0.15% to hit 128.86.