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

Forex News - The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5456, down 0.04% at time of writing.

The pair was likely to find support at 1.5272, today’s low, and resistance at 1.5584, Monday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose less-than-expected to a seasonally adjusted 401K last week from 395K in the preceding week whose figure was revised up from 391K.

Analysts had expected Initial Jobless Claims to rise to 411K last week.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.78% to hit 0.8701 and GBP/JPY falling 0.28% to hit 118.41.