GBP/USD climbs toward 1.7000

By FXstreet.com | June 18, 2014 AAA

FXStreet (Córdoba) - The GBP/USD rebounded sharply at 1.6918, low post-FOMC, and jumped toward 1.7000. Price reached 1.6999 and currently is at 1.6987, 50 pips above the level it had before the release of the FOMC statement.



A weak US dollar pushed the pair sharply to the upside, that is now testing the 1.7000 key level. The Pound is about to post the highest daily close against the US dollar since 2009.



On Thursday, important economic data from the United Kingdom will be release with retail sales numbers from May.



comments powered by Disqus
Related Forex Analysis
  1. Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric
    Forex News

    Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

  2. US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again
    Forex News

    US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again

  3. US Dollar Technical Analysis: Bullish Momentum Fading?
    Forex News

    US Dollar Technical Analysis: Bullish Momentum Fading?

  4. Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations
    Forex News

    Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

  5. EUR/USD stuck at 1.2850, new triggers are wanted
    Forex News

    EUR/USD stuck at 1.2850, new triggers are wanted

Trading Center