26 Dec 2013
GBP advances across the board
FXstreet.com (Córdoba) - The pound has continued to advance across the board Thursday, recording gains versus the dollar, the euro and the yen as with London closed, the lack of liquidity exacerbated price movements.
The GBP/USD broke above the 1.6400 mark and climbed to its highest level in over a week during the New York session at 1.6437 before easing slightly. At time of writing, the GBP/USD is trading at the 1.6425 zone, posting a 0.3% gain on the day. Immediate resistance is now seen at 1.6483, 2-year peak hit last week.
Meanwhile, pound strength coupled with yen weakness sent the GBP/JPY to a fresh 5-year high of 172.18, before pulling back to currently trade around 171.95, still 0.7% up on the day. The EUR/GBP broke below 0.8340 and stretched toward a 3-week low of 0.8328 before recovering slightly.
The GBP/USD broke above the 1.6400 mark and climbed to its highest level in over a week during the New York session at 1.6437 before easing slightly. At time of writing, the GBP/USD is trading at the 1.6425 zone, posting a 0.3% gain on the day. Immediate resistance is now seen at 1.6483, 2-year peak hit last week.
Meanwhile, pound strength coupled with yen weakness sent the GBP/JPY to a fresh 5-year high of 172.18, before pulling back to currently trade around 171.95, still 0.7% up on the day. The EUR/GBP broke below 0.8340 and stretched toward a 3-week low of 0.8328 before recovering slightly.