GBP/USD falls below 1.6560

By FXstreet.com | August 26, 2014 AAA

FXStreet (Córdoba) - A stronger US dollar pushed the GBP/USD below the support around 1.6560/65 and fell to 1.6541, hitting a fresh daily low. Currently the pair trades at 1.6547, down 0.19% for the day so far.



The decline stopped just a few pips above Monday’s lows that lie at 1.6534. The GBP/USD weakened after being unable to climb above 1.6600 during the Asian and the European session.



Cable is falling again versus the US dollar after rising yesterday for the first time in a week. Price is back below the level it had on Friday, headed toward the lowest daily close since March 25.



comments powered by Disqus
Related Forex Analysis
  1. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

  2. GBP/USD up on positive UK GDP - FXStreet
    Forex News

    GBP/USD up on positive UK GDP - FXStreet

  3. GBP/USD gives up GDP-inspired gains
    Forex News

    GBP/USD gives up GDP-inspired gains

  4. GBP/USD reached 1.6050 with GDP help
    Forex News

    GBP/USD reached 1.6050 with GDP help

  5. GBP/USD struggling to rise above 1.6042 - FXStreet
    Forex News

    GBP/USD struggling to rise above 1.6042 - FXStreet

Trading Center