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.

Filed Under:
Forex pairs in this Article » GBP/USD

comments powered by Disqus