GBP/USD climbs toward 1.7000

By FXstreet.com | Updated July 30, 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.



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