GBP/USD approaches 1.7100

By FXstreet.com | July 18, 2014 AAA

FXStreet (Córdoba) - The GBP/USD recovered further during the American session as the US dollar weakened across the board and rose approaching 1.7100. Earlier dropped to 1.7035, reaching the lowest price in two weeks. But Greenback pulled back as US stocks rise sharply.



Near Wall Street closing bell the pair trades at 1.7093, down just 0.05% from today’s opening price but still headed toward a weekly decline.



Cable is about to drop against the US dollar for the second week in a row, something that last happened in April. Despite the decline price remains steady above 1.7000.



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