Investing.com - The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.
GBP/USD was trading at 1.5995, down 0.02% at time of writing.
The pair was likely to find support at 1.5682, Thursday’s low, and resistance at 1.6039, today’s high.
Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from 45.4.
Analysts had expected CB consumer confidence to rise to 46.0 last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8692 and GBP/JPY falling 0.22% to hit 121.48.
GBP/USD was trading at 1.5995, down 0.02% at time of writing.
The pair was likely to find support at 1.5682, Thursday’s low, and resistance at 1.6039, today’s high.
Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from 45.4.
Analysts had expected CB consumer confidence to rise to 46.0 last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8692 and GBP/JPY falling 0.22% to hit 121.48.