Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.
GBP/USD was trading at 1.6091, down 0.05% at time of writing.
The pair was likely to find support at 1.5891, Wednesday’s low, and resistance at 1.6142, Thursday’s high.
Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.
Analysts had expected personal spending to rise 0.6% last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8792 and GBP/JPY falling 0.29% to hit 121.92.
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