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GBP/USD pre Consumer Confidence

FXstreet.com (London) - While there hasn’t been anything data wise for the UK today, there are more May surveys coming up now for the US heading into next week’s payrolls.

The market expects a flat reading in the Richmond Fed and improvements in the Dallas Fed (from -15.6 to -10) and Conference Board Consumer Confidence (from 68.1 to 70.7). These numbers will be released at 1500hrs BST. The pair have been in a range of 55 pips and evenly weighted between bids and offers pre afternoon data. At time of writing and before the release, the pair are balanced slightly bid of the figure at 1.5115. Support is at 1.5063 followed by 1.5013 (previous week low).

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