GBP/USD up to daily highs after US consumer confidence

FXStreet (Orlando) - The British Pound is trading higher against the US Dollar following the better-than-expected US consumer confidence in June. However, moves are limited ahead of the weekend with Greece, Tsipras and Juncker on the spot.

US is providing more signals that consumers are coming back: after the upbeat retail sales, Michigan consumer confidence rose to 94.6 in June, 3rd highest of 2015.

Currently, GBP/USD is trading at 1.5510, down 0.05% on the day, having posted a daily high at 1.5529 and low at 1.5467. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

GBP/USD levels

If the pair advances beyond 1.5530, the GBP/USD will find resistances at 1.5550 and 1.5600. To the downside, supports are at 1.5480, 1.5430 and 1.5400.