Investing.com - The pound was moderately higher against the U.S. dollar on Friday, after data showed that U.K. consumer inflation expectations fell in the last quarter and as investors were eyeing the release of a highly anticipated U.S. nonfarm payrolls report later in the day.
GBP/USD hit 1.6772 during European morning trade, the session high; the pair subsequently consolidated at 1.6762, adding 0.14%.
Cable was likely to find support at 1.6658, the low of March 5 and resistance at 1.6823, the high of February 17.
Official data showed that U.K. consumer inflation expectations for the next 12 months slipped to 2.8% in the fourth quarter, from 3.6% in the previous quarter.
Demand for the pound remained supported after the Bank of England voted on Thursday to leave U.K. interest rates unchanged at their record low of 0.5%, and also left its quantitative easing program steady at 375 billion pounds.
Meanwhile, market players were looking ahead to Friday’s highly-anticipated nonfarm payrolls report for February, after job growth came in below expectations in December and January.
Sterling was little changed against the euro, with EUR/GBP dipping 0.02% to 0.8279.
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