Friday, 29 August 2014 22:38
The pound held gains against the U.S. dollar on Friday, but sterling's upside was expected to remain limited as strong U.S. consumer sentiment data added further support for the greenback.
GBP/USD hit 1.6608 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.6604, up 0.11%.
Cable was likely to find support at 1.6537, the low of August 27 and a five-month low and resistance at 1.6679, the high of August 20.
The University of Michigan said its consumer sentiment index was revised to 82.5 this month, up from a preliminary reading of 79.2, exceeding expectations for a reading of 80.1.
Friday, 29 August 2014 21:21
U.S. consumers are feeling better about the economy's future, according to a survey of households released Friday.
Friday, 29 August 2014 20:38
The euro was almost unchanged against the U.S. dollar on Friday, as the greenback shrugged off disappointing U.S. personal spending data and markets awaited upcoming reports on Chicago manufacturing activity and U.S. consumer sentiment.
EUR/USD hit 1.3196 during European afternoon trade, the session high; the pair subsequently consolidated at 1.3177, inching up 0.05%.
Friday, 29 August 2014 19:57
*DJ US Personal Income +0.2% In Jul; Consensus +0.3%
Friday, 29 August 2014 10:40
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No economic data is available.