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GBP/USD on further pressure on ‘uplifting’ Michigan confidence

FXstreet.com (Athens) – The GBP/USD is trading downwards, amidst data showing that US consumers are better off than previously estimated as well as on Syria’s jitters.

The GBP/USD sits well below 1.5500 area, on stronger Michigan confidence index

The ‘cable’, is closing the week with a bearish momentum as the ‘greenback’ kick off higher against all its major counter-parts across the board. The American dollar strengthening can be attributed on better Michigan index as well as, to FX traders rebalancing their books at the end of the month. What’s more, the American dollar amidst the global turmoil, ‘war sirens’ in …read more