Forex - GBP/USD up during the U.S. session

Forex Pros – pros - The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

GBP/USD was trading at 1.5993, up 0.02% at time of writing.

The pair was likely to find support at 1.5913, today’s low, and resistance at 1.6066, Thursday’s high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell more-than-expected to a seasonally adjusted 58.5 last month from 61.7 in the preceding month whose figure was revised up from 60.8.

Analysts had expected CB consumer confidence to fall to 60.3 last month.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.50% to hit 0.8980 and GBP/JPY rising 0.32% to hit 129.75.




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