GBP/USD holds above 1.7130

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The GBP/USD retreated from multi-year highs at 1.7191 but found support above 1.7130. During the last hours it has remained steady hovering around 1.7145, consolidating a daily gain of 60 pips.



Inflation data from the UK pushed the Pound to the upside. The currency was the best performer on Tuesday among majors. On Wednesday important economic data from UK labor market will be published and it is likely to affect the Pound.



GBP/USD rises after 3 days of losses



Despite being unable to hold above 1.7160, the GBP/USD posted the first gain after falling in the the previous three trading days. The pair surged on Tuesday after bottoming at 1.7057, the lowest price since June 30.



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