United States Dallas Fed Manufacturing Business Index: 8 (May) vs previous 11.7

FXStreet.com (Barcelona)

May 27, 2014

ECB's Draghi: Financial stability necessary to keep price stability

Draghi stresses that the ECB's primary mandate is maintaining price stability but adds that financial stability is necessary for this.

GBP/USD extends decline to 1-week low at 1.6805; watch orders

The Sterling is trading under pressure against the US Dollar following a lower-than-expected UK mortgage approvals in April. The GBP/USD fell more than 75 pips in the day from 1.6880 to 1.6805, lowest since May 20.