Investing.com - The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Trade Balance.
GBP/USD was trading at 1.5915, up 0.05% at time of writing.
The pair was likely to find support at 1.5781, today’s low, and resistance at 1.6078, Friday’s high.
Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -50.2B last month from -43.6B in the preceding month whose figure was revised up from -43.7B.
Analysts had expected U.S. trade balance to fall -44.0B last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.48% to hit 0.8778 and GBP/JPY falling 1.03% to hit 126.36.
GBP/USD was trading at 1.5915, up 0.05% at time of writing.
The pair was likely to find support at 1.5781, today’s low, and resistance at 1.6078, Friday’s high.
Earlier in the day, official data showed that The U.S. trade balance fell more-than-expected to a seasonally adjusted -50.2B last month from -43.6B in the preceding month whose figure was revised up from -43.7B.
Analysts had expected U.S. trade balance to fall -44.0B last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.48% to hit 0.8778 and GBP/JPY falling 1.03% to hit 126.36.