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9 Jul 2015
GBP/USD about to post lowest close in a month
FXStreet (Córdoba) - The pound is falling for the third day in a row against the US dollar after being unable to hold to gains. Cable traded all day above yesterday’s lows but the close, if under 1.5370, would be the lowest since June 8.
GBU/USD affected by stronger dollar
The pair today was affected by a stronger US dollar in the market, during the American session. The pound was the best performer among European currencies but against Greenback initially rose but found resistance at 1.5420 and then retreated. It bottomed during the American session at 1.5342.
On a weekly basis, GBP/USD is headed toward the third decline in a row as it continues to pull back after approaching 1.6000 early in June. Since then it has fallen almost 700 pips; still holds above the daily 20-SMA that currently stands at 1.5260.
GBU/USD affected by stronger dollar
The pair today was affected by a stronger US dollar in the market, during the American session. The pound was the best performer among European currencies but against Greenback initially rose but found resistance at 1.5420 and then retreated. It bottomed during the American session at 1.5342.
On a weekly basis, GBP/USD is headed toward the third decline in a row as it continues to pull back after approaching 1.6000 early in June. Since then it has fallen almost 700 pips; still holds above the daily 20-SMA that currently stands at 1.5260.