Investing.com - The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.
GBP/USD was trading at 1.6380, down 0.70% at time of writing.
The pair was likely to find support at 1.6366, today’s low, and resistance at 1.6618, Friday’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally adjusted 0.7% last month from 0.6% in the preceding month whose figure was revised up from 0.1%.
Analysts had expected Core durable goods orders to fall -0.4% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.57% to hit 0.8804 and GBP/JPY falling 0.26% to hit 126.11.
GBP/USD was trading at 1.6380, down 0.70% at time of writing.
The pair was likely to find support at 1.6366, today’s low, and resistance at 1.6618, Friday’s high.
Earlier in the day, official data showed that U.S. core durable goods orders rose unexpectedly to a seasonally adjusted 0.7% last month from 0.6% in the preceding month whose figure was revised up from 0.1%.
Analysts had expected Core durable goods orders to fall -0.4% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.57% to hit 0.8804 and GBP/JPY falling 0.26% to hit 126.11.