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. GBP/USD sitting pretty despite lower CPI’s
    Forex News

    GBP/USD sitting pretty despite lower CPI’s

  2. GBP/USD technical are mixed - Scotiabank
    Forex News

    GBP/USD technical are mixed - Scotiabank

  3. Still solid GDP growth - BNP
    Forex News

    Still solid GDP growth - BNP

  4. GBP/USD extends gains, nears 1.6100
    Forex News

    GBP/USD extends gains, nears 1.6100

  5. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

Trading Center