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GBP/USD resumes the downside after short-lived bounce

Following a 100-pip slide, the pound managed to find buyers at the 1.5030/35 area and temporarily paused its decline versus the dollar. However, the recovery was sort-lived and with the bounce being capped by the 1.5070 region, the GBP/USD resumed the downside.
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US markets advancing on better consumer confidence

The better-than-expected US consumer confidence for the month of May is bolstering today’s advance in the American equities, as optimism is growing bigger amongst traders. The greenback, in...
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