GBP/USD: GBP/USD soars on dismal US durable goods orders

FXstreet.com (Athens): The GBP/USD is trading higher, after US durable goods orders data let down investors.

The cable spikes on 1.5608 area after US data puzzle traders

Dovish or hawkish, the commentary was more or less the same from Fed officials this past week: ‘September would be an appropriate time to taper if the economic data is strong.’ US durable goods orders collapsed in July, released down 7.3% (-7.3%), against expectations of -3%. Lockhart said the Fed had a legal obligation to focus on domestic U.S. goals, but allowed that there could be circumstances when the international impact of its actions …read more