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Switzerland: KOF Leading Indicator up to 1.1 in May

FXstreet.com (Barcelona) - The Swiss KOF Leading Indicator increased to 1.1 in May, from 1.04 in April, according to data released by the Konjunkturforschungsstelle Swiss Institute for Business Cycle Research on Friday. Analysts expected the indicator to rise only to 1.08.

Switzerland KOF Leading Indicator increase 1.1 in May from 1.04 in April

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GBP/USD drifting lower

GBP/USD made a big figure move on the session yesterday with the psychological 1.5000 level well supported. On poorer US data, the pair ran up to find resistance at 1.5240 level’s and now drifts lower into the London open.
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