GBP/USD: general review on 01.12.2014

December 1, 2014

The American currency consolidated against the pound and the basket of major currencies on Friday.  The dollar recovered after week midweek economic indicators when US initial jobless claims rose while personal spending increased less than expected. On the other hand, UK house prices did not live up to the positive outlook: this indicator rose only by 0,3%. Thus, the price was supported at the level of 1.5612 and consolidated at 1.5630. 

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