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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Monetary Policy Speculation Continues Next Week With NFPs, RBA and BoE

  4. Forex News

    GBP Opening Monthly Range Hinges on BoE Vote Count, Inflation Report

  5. Forex News

    BoE inflation report - TDS

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!