Investing.com - The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.
GBP/USD was trading at 1.5869, up 0.19% at time of writing.
The pair was likely to find support at 1.5476, Monday’s low, and resistance at 1.5886, today’s high.
Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.80% last month, from 0.30% in the preceding month whose figure was revised down from 0.40%.
Analysts had expected U.S. industrial production to rise 0.40% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8421 and GBP/JPY rising 0.15% to hit 131.36.
GBP/USD was trading at 1.5869, up 0.19% at time of writing.
The pair was likely to find support at 1.5476, Monday’s low, and resistance at 1.5886, today’s high.
Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.80% last month, from 0.30% in the preceding month whose figure was revised down from 0.40%.
Analysts had expected U.S. industrial production to rise 0.40% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8421 and GBP/JPY rising 0.15% to hit 131.36.