GBP/USD hesitated under the downtrend resistance line, but is now on the move. Pound/dollar is now trading at the highest level since September 2016, breaking above resistance at the previous 2017 high of 1.3050.
The post GBP/USD breaks with momentum to a 10-month high appeared first on Forex Crunch.
The University of Michigan’s consumer confidence measure was expected to stand at 95 in the preliminary read for July. Earlier, industrial output came out at 0.4%, slightly better than expected. However, inflation and retail sales figures badly disappointed. The result was a big downfall in the dollar, with EUR/USD breaking resistance.
The post US consumer sentiment misses with 93.1 – further USD falls? appeared first on Forex Crunch.
