Forex News - The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.
GBP/USD was trading at 1.5561, up 0.75% at time of writing.
The pair was likely to find support at 1.5272, Thursday’s low, and resistance at 1.5599, today’s high.
Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from 0K.
Analysts had expected U.S. non-farm payrolls to rise 53K last month.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.47% to hit 0.8660 and GBP/JPY rising 0.82% to hit 119.46.
Friday, October 7, 2011
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