Investing.com - The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.
GBP/USD was trading at 1.6508, up 0.62% at time of writing.
The pair was likely to find support at 1.6060, Monday’s low, and resistance at 1.6514, today’s high.
Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted -11.6% last month from 3.5% in the preceding month whose figure was revised down from 5.1%.
Analysts had expected Pending home sales to fall to -1.0% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8674 and GBP/JPY rising 0.02% to hit 133.38.
GBP/USD was trading at 1.6508, up 0.62% at time of writing.
The pair was likely to find support at 1.6060, Monday’s low, and resistance at 1.6514, today’s high.
Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted -11.6% last month from 3.5% in the preceding month whose figure was revised down from 5.1%.
Analysts had expected Pending home sales to fall to -1.0% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.60% to hit 0.8674 and GBP/JPY rising 0.02% to hit 133.38.