Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.
GBP/USD was trading at 1.6104, down 0.20% at time of writing.
The pair was likely to find support at 1.5822, Monday’s low, and resistance at 1.6278, Thursday’s high.
Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 9.00% last month, from 9.40% in the preceding month.
Analysts had expected the U.S. unemployment rate to rise to 9.60% last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8438 and GBP/JPY rising 0.47% to hit 132.35.
ForexPros.com
