FRX: GBP/USD up toward the end of European session
Forexpros - 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 1.6018, up 0.29% at time of writing.
The pair was likely to find support at 1.5932, today’s low, and resistance at 1.6140, Monday’s high.
Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 18K last month, from 25K in the preceding month whose figure was revised down from 54K.
Analysts had expected U.S. non-farm payrolls to rise 89K last month.
Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 1.20% to hit 0.8886 and GBP/JPY falling 0.42% to hit 129.21.
