GBP/USD ends week hovering around 1.7155

By | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The GBP/USD posted the fifth weekly gain in a row and the highest close since October 2008. The Pound was among the best performers and continued to rally against the US dollar.

On Friday the pair printed a fresh multi-year high at 1.7179 but then pulled back and ended hovering around 1.7155, with a weekly gain of more than a hundred pips.

The pair still holds bullish momentum despite the recovery of the US dollar across the board. Economic data from the UK and monetary policy differentials supported the upside.

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