Forex - GBP/USD up toward the end of European session

Forex News - The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.

GBP/USD was trading at 1.5776, up 1.28% at time of writing.

The pair was likely to find support at 1.5424, Friday’s low, and resistance at 1.5798, today’s high.

Earlier in the day, official data showed that the U.K. claimant count change rose less-than-expected to a seasonally adjusted 17.5K last month from 19.1K in the preceding month whose figure was revised down from 20.3K.

Analysts had expected U.K. claimant count change to rise 24.0K last month.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8746 and GBP/JPY rising 2.20% to hit 122.02.