GBP/USD steady, around 1.7130

By FXstreet.com | Updated July 30, 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.



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/GBP faces resistance around 0.7500

  2. Forex News

    Forex Top Movers: CHF down; Euro slightly up; USD/RUB resumes rise

  3. Forex News

    GBP/USD extends gains above 1.5050

  4. Forex News

    Another Big Week Points to Major Currency Moves - How Might we Trade?

  5. Forex News

    EUR/GBP climbs above 0.7500

Trading Center