25 Aug 2015
GBP/USD drops below 1.5700 as USD recovers
FXStreet (Córdoba) - GBP/USD broke below 1.5750 and accelerated to the downside. The pair bottomed recently at 1.5690, hitting a fresh daily low.
GBP/USD retreats on stronger US Dollar
Greenback is rising in the market, recovering ground after falling yesterday sharply versus the yen and European currencies. GBP/USD reached earlier at 1.5819, the strongest levels since June 22 and now is reversing.
From the highs it lost more than a hundred pips and is trading below the lows of yesterday’s American session and approached the level it had at the beginning of the week (1.5680/85).
Despite pulling back against the US dollar, the pound still remains the best performer among European currencies on Tuesday. EUR/GBP is falling 85 pips and trades below 0.7300 while GB^P/CHF is rising more than 200 pips and it has erased yesterday’s losses.
GBP/USD retreats on stronger US Dollar
Greenback is rising in the market, recovering ground after falling yesterday sharply versus the yen and European currencies. GBP/USD reached earlier at 1.5819, the strongest levels since June 22 and now is reversing.
From the highs it lost more than a hundred pips and is trading below the lows of yesterday’s American session and approached the level it had at the beginning of the week (1.5680/85).
Despite pulling back against the US dollar, the pound still remains the best performer among European currencies on Tuesday. EUR/GBP is falling 85 pips and trades below 0.7300 while GB^P/CHF is rising more than 200 pips and it has erased yesterday’s losses.