GBP/USD

With another slow day passing, the GBP/USD saw some of the largest changes in prices. After starting at 2.0305, the pair soon dropped to its lowest level at 2.0264. After regaining some strength, it reacted to some mixed US indicators and moved down. A strengthening returned in part to the record consumer confidence figure released by the US. Riding on this momentum, it hit its highest level of the day at 2.0377 marking a 100+ pip movement. Larger movements may continue as the pair looks to return to its upward trend of the past month. This was reversed last week by the strengthening of the USD.