Forexpros – 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 1.6408, up 0.24% at time of writing.
The pair was likely to find support at 1.6209, Friday’s low, and resistance at 1.6534, Wednesday’s high.
Earlier in the day, official data showed that U.S. personal spending rose more-than-expected to a seasonally adjusted 0.8% last month from -0.1% in the preceding month whose figure was revised up from -0.2%.
Analysts had expected personal spending to rise 0.5% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8844 and GBP/JPY rising 0.47% to hit 126.08.
Forexpros
