GBP/USD challenges daily lows

FXstreet.com (Córdoba) – The GBP/USD seems to have stabilized at the beginning of the New York session after the latest setback drove the pair from a high of 1.5636 to a low of 1.5540.

GBP/USD consolidates ahead of US data

After reaching a peak of 1.5536 in the wake of the UK GDP upward revision, GBP/USD faltered and dropped nearly 90 pips before finding support and settling in a range, although US new home sales data could provide fresh momentum to the pair. At time of writing, GBP/USD is trading around 1.5545, 0.2% below its opening price.

GBP/USD holds the negative tone

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