The pair was likely to find support at 1.5712, Thursday’s low, and resistance at 1.5911, today’s high. Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 0.80% last month, from 1.70% in the preceding month whose figure was revised up from 1.20%.
Analysts had expected retail sales to rise 0.50% last month.
Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.63% to hit 0.8497 and GBP/JPY falling 0.50% to hit 131.61.
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