The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on GfK Consumer Confidence.
GBP/USD was trading at 1.5923, down 0.13% at time of writing.
The pair was likely to find support at 1.5678, Monday’s low, and resistance at 1.5978, Thursday’s high.
Earlier in the day, data showed that U.K. Gfk consumer confidence rose unexpectedly to a seasonally adjusted -19.00 last month from -20.00 in the preceding month.
Analysts had expected the Gfk consumer confidence to fall to -22.00 last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8717 and GBP/JPY falling 0.66% to hit 128.34.
GBP/USD was trading at 1.5923, down 0.13% at time of writing.
The pair was likely to find support at 1.5678, Monday’s low, and resistance at 1.5978, Thursday’s high.
Earlier in the day, data showed that U.K. Gfk consumer confidence rose unexpectedly to a seasonally adjusted -19.00 last month from -20.00 in the preceding month.
Analysts had expected the Gfk consumer confidence to fall to -22.00 last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8717 and GBP/JPY falling 0.66% to hit 128.34.