Investing.com - The British Pound was higher against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending.
GBP/USD was trading at 1.5980, up 0.14% at time of writing.
The pair was likely to find support at 1.5914, today’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. personal spending remained unchanged unexpectedly at a seasonally adjusted 0.0% last month from 0.3% in the preceding month whose figure was revised down from 0.4%.
Analysts had expected personal spending to rise 0.1% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.49% to hit 0.8936 and GBP/JPY rising 0.72% to hit 129.28.
GBP/USD was trading at 1.5980, up 0.14% at time of writing.
The pair was likely to find support at 1.5914, today’s low, and resistance at 1.6262, Wednesday’s high.
Earlier in the day, official data showed that U.S. personal spending remained unchanged unexpectedly at a seasonally adjusted 0.0% last month from 0.3% in the preceding month whose figure was revised down from 0.4%.
Analysts had expected personal spending to rise 0.1% last month.
Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.49% to hit 0.8936 and GBP/JPY rising 0.72% to hit 129.28.