Investing.com - The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.6350, up 0.50% at time of writing.
The pair was likely to find support at 1.6228, Tuesday’s low, and resistance at 1.6426, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 412.00K last week from 385.00K in the preceding week whose figure was revised up from 382.00K.
Analysts had expected Initial Jobless Claims to fall to 380.00K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8860 and GBP/JPY rising 0.05% to hit 136.47.
GBP/USD was trading at 1.6350, up 0.50% at time of writing.
The pair was likely to find support at 1.6228, Tuesday’s low, and resistance at 1.6426, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 412.00K last week from 385.00K in the preceding week whose figure was revised up from 382.00K.
Analysts had expected Initial Jobless Claims to fall to 380.00K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8860 and GBP/JPY rising 0.05% to hit 136.47.