GBP/USD steady, around 1.7130

By FXstreet.com | July 16, 2014 AAA

FXStreet (Córdoba) - The GBP/USD closed Wednesday slightly lower, trading around 1.7130/35. Price peaked during the European session at 1.7149 and the bottomed at 1.7111 but most of the day moved sideways around 1.7130.



Inflation numbers from the US and employment data from the United Kingdom moved the pair that afterward remained steady, consolidating after rising on Tuesday’s near 1.7200, reaching levels not seen since 2008.



Despite falling slightly against the US dollar, the Pound was for the second day in a row the best performer among European currencies. The EUR/GBP posted the first daily close below 0.7900 since September 2012 while the GBP/CHF ended barely below 1.5400, at the strongest level in 2 years.



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