GBP/USD hits fresh lows

By FXstreet.com | September 03, 2014 AAA

FXStreet (Córdoba) - The recovery of the GBP/USD supported by economic data from the UK and also by risk appetite was short lived. After finding resistance below 1.6500, started to move to the downside and after Wall Street opening bell broke below 1.6450 and fell to 1.6439, hitting a fresh 6-month low.



For the second day in a row Cable was among the worst performers in the currency market, falling across the board.



The GBP/USD was trading slightly above daily lows, still under pressure but making limited moves ahead of the release of the Beige Book in the US ahead of the decision of the Bank of England tomorrow, that should have a marginal impact on the Pound. The Scottish referendum outcome and its probable consequences continues to weigh on the Pound.



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