FXstreet.com (Edinburgh) -The sterling is meandering around the upper end of the intraday range vs. the greenback, pushing the GBP/USD to challenge session peaks in the 1.5520/30 band.
GBP/USD keeps the tone above 1.5500
Despite the current USD strength, the pair is managing well to keep the 1.5500 handle. Data-wise, Nationwide house prices rose 0.6% on a monthly basis, banging on estimates. The rest of the UK calendar looks pretty interesting: Consumer Credit, M4 Money Supply, Mortgage Approvals and Net Lending to Individuals. Decent results should prop up the current GBP momentum although the USD resilience mainly on Syrian jitters would …read more