GBP/USD above 1.5500 ahead of US data

FXstreet.com (Athens) – The GBP/USD tumbles on Tuesday on ‘risk-off’ mode.

Will tomorrow’s Mc Carney speech give uptrend momentum to GBP/USD?

Just a few minutes ahead of US Case-Shiller release, the ‘cable’ managed to pare a small portion of its daily losses, rebounding again over 1.5500 area. Escalation in the Syrian conflict, brought back ‘risk-aversion’ across the board, therefore the sterling lost solid ground against its major counter-part. However, more is expected from Mr Carney in a lunchtime speech he is due to make tomorrow. The Confederation of British Industry has made some bullish comments about the prospects of the UK …read more