US: Philadelphia Fed Manufactruring Survey falls to -5.2 in May

FXstreet.com (Barcelona) - US Philadelphia Fed Manufacturing Survey surprised to the downside in May, falling to -5.2 from 1.3 in April. Consensus pointed to a rise to 2.4.

May 16, 2013

US May Philadelphia Fed Manufacturing Survey: -5.2 vs 1.3 (Apr)

Forex Flash: USD wins over investors relative to GBP – Investec

According to Lee McDarby, Corporate Treasury at Investec, “The GBP’s weakness is clearly due to the fact that the dollar is winning the beauty parade for investors right now as when we look at the pound against other currencies it seems to be performing fairly well at the moment.”