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.



Related Forex Analysis
  1. Forex News

    GBP/USD struggles to sustain in the positive territory

  2. Forex News

    GBP/USD drops below 50-DMA ahead of UK data

  3. Forex News

    GBP/USD Technical Analysis: Range Below 1.57 Still in Play

  4. Forex News

    GBP/USD bulls committed here after Lockhart?

  5. Forex News

    Sterling lows to hold on multi week basis - Westpac

You May Also Like

COMPANIES IN THIS ARTICLE
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!