Forex: GBP/USD settles around 1.6150 after steep decline
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - As most crosses in the FX market, GBPUSD entered in a consolidation phase during the American afternoon after the selloff seen during the European session.
GBPUSD has spent the last hours in a slim range around 1.6150, although it managed to push a tad lower and printed a low of 1.6138 in recent dealings. At time of writing, the pair is quoting at the 1.6145/50 zone, 0.7% below its opening price.
The Cable came under pressure this week as the US budget deal euphoria faded and after failing to break above the 1.6340 level.
Looking ahead, the minutes of the FOMC latest meeting are due for release, although no major reaction is expected as Bernanke addressed many questions after the Fed decision.
GBPUSD has spent the last hours in a slim range around 1.6150, although it managed to push a tad lower and printed a low of 1.6138 in recent dealings. At time of writing, the pair is quoting at the 1.6145/50 zone, 0.7% below its opening price.
The Cable came under pressure this week as the US budget deal euphoria faded and after failing to break above the 1.6340 level.
Looking ahead, the minutes of the FOMC latest meeting are due for release, although no major reaction is expected as Bernanke addressed many questions after the Fed decision.
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