Forex Trading : GBP / USD extends gains on the back of weak US data

Forex Trading :The United States has seen new offerings, thus paying a pair GBP / USD upward to a new bullish session at 1.5326 level after the release of consumer confidence Alomarkiah which was weaker than expected data and local manufacturing.Pair GBP / USD extends high 700 pointsExpanded the exchange rate rising 700 points witnessed from the bottom at 1.4564 after US consumer confidence data for the month of April, which bucked expectations for 102.5 to a record 95.2. Manufacturing of the Federal Reserve in Richmond index fell to -3 surpassing expectations B.2.Focus now turns to the policy statement of the Commission on the open market due out tomorrow. The recent series of weaker-than-expected US data have convinced investors that the Federal Reserve may delay raising the rate until the end of 2015 and beginning of 2016.