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GBP/USD under pressure on weaker USD spending data

FXstreet.com (Athens) – The GBP/USD is well capped by 1.5500 key area, on global turmoil and weaker than expected data from US.

Weaker US Consumer data putting again riddles on ‘tapering’ to traders; GBP/USD below 1.5500

The weaker than expected US data did not assist investors to comprehend if the ‘tapering’ will be ‘sooner’ rather than ‘later’. The US data were mixed, but the most crucial ones, such consumer spending, personal income, as well as personal spending let down investors all over the globe. On the other hand, the sterling is underperforming today due to a general corrective pullback. What’s more, …read more