United States Personal Consumption Expenditures - Price Index (YoY) climbed from previous 1.6% to 1.8% in May

FXStreet Chief Analyst Valeria Bednarik remarks that since the beginning of the European session today GBP/USD has seen a strong demand in the short term, even following the release of the UK Financial Stability Report in which the BoE outlined measures aimed at stabilizing the housing market and curbing debt.