GBP/USD holds above 1.6820

By FXstreet.com | August 07, 2014 AAA

FXStreet (Córdoba) - The ">GBP/USD lost ground on Thursday but it was able to hold above weekly lows. The pair peaked during the Asian session at 1.6863 but then turned to the downside and fell to 1.6821.



Near the end of the session in Wall Street trades steady at 1.6835, down just 0.05% for the day. Volatility was low on Thursday, unaffected by the decision of the Bank of England to leave monetary policy unchanged. The price range was below 45 pips, like it usually happens on Mondays.



Against it neighbours the Pound finished flat. The EUR/GBP rose to 0.7950 but then pulled back and is about to end hovering around 0.7935 while the GBP/CHF dropped to 1.5260 but then bounced and currently trades at 1.6295, less than 5 pips above yesterday's closing price.



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