GBP/USD falls below 1.6560

By FXstreet.com | Updated 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.



Related Forex Analysis
  1. GBP/USD wobbling around 1.5700
    Forex News

    GBP/USD wobbling around 1.5700

  2. GBP/USD Doji On The Daily Denotes Indecision As Range Endures
    Forex News

    GBP/USD Doji On The Daily Denotes Indecision As Range Endures

  3. GBP/USD support at 1.5600 will pause the selloff – RBS
    Forex News

    GBP/USD support at 1.5600 will pause the selloff – RBS

  4. Japanese Yen May Rise as Year-End Capital Flows Begin to Emerge
    Forex News

    Japanese Yen May Rise as Year-End Capital Flows Begin to Emerge

  5. Dollar and Yields Slide Despite Improved US Data
    Forex News

    Dollar and Yields Slide Despite Improved US Data

Trading Center