Quantcast

GBP/USD unstable at 1.5500 region

FXstreet.com (New York) – The GBP/USD foreign exchange rate regained the 1.5500 level recently, wavering after recent US data as the pair trades sporadically.

In the United States, Pending Home Sales (MoM) fell -1.3% in July, missing estimates of +0.2%. Moreover, Pending Home Sales (YoY) grew +10.95% in July, compared to +10.90% previously. Earlier today Mark Carney stated that the UK recovery broad-based and forward guidance does not prevent BoE from adding to stimulus; he also championed the BOE to relax liquidity rules for banks meeting 7% capital level.

At this juncture, the GBP/USD is now trading at 1.5518, incurring a …read more