United States Monthly Budget Statement above forecasts ($-98B) in May: Actual ($-82.4B)

FXStreet.com (Barcelona)

Jun 10, 2015

GBP/USD finds support at 1.5480; back at highs

The GBP/USD is trading in consolidation mode around 1.5500 following the latest bullish movement that drove the pair from 1.5370 to price at highs since May 22 at 1.5555. Then, after a short period of retracement to 1.5480, the British Pound was bought again.

USD/CAD's rebound limited at 1.2290

The US Dollar recovery from near 1-month low of 1.2200 against the Canadian Dollar was capped at 1.2290 where the USD/CAD found selling interest that sent it back to 1.2260. The USD/CAD remains around 90 pips negative in the day.