Forex - GBP/USD down in U.S. trade

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 1.5734, down 0.11% at time of writing.

The pair was likely to find support at 1.5528, Monday’s low, and resistance at 1.5798, Wednesday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from 401K.

Analysts had expected Initial Jobless Claims to rise to 406K last week.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8736 and GBP/JPY falling 0.61% to hit 120.96.