US: New Home Sales up by 476K in May

The US New Home Sales rose 2.1% in May, following 3.3% growth in April, to a seasonally adjusted annual rate of 476K, the US Census Bureau informed today. Analysts expected only 462K.
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GBP/USD falls to test 1.5400 after housing and confidence numbers

The Sterling has reacted to the downside against the US dollar following the upbeat housing and consumer confidence data in the United States. In the latest few minutes, the GBP/USD declined 50 pips from 1.5450 to test the 1.5400 area.
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