The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.6061, down 0.08% at time of writing. The pair was likely to find support at 1.5938, Monday’s low, and resistance at 1.6151, today’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 388.00K last week from 394.00K 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 down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.56% to hit 0.8839 and GBP/JPY rising 0.13% to hit 133.39.(Benzinga/HQM)