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17 Apr 2014
GBP/USD hits fresh lows below 1.6800
FXStreet (Córdoba) - The GBP/USD slide further below 1.6800 and hit a fresh daily low at 1.6786. Currently trades at 1.6796, flat for the day. Earlier the Pound rose to 1.6841, level not seen since 2009 but then lost momentum.
As the US dollar gained momentum across the board the GBP/USD accelerated to the downside, retreating further from multi-year highs.
Cable is headed toward the second weekly gain in a row against the US dollar on the back of inflation and employment data from the United Kingdom. Also GBP/USD could post the highest weekly close, since October 2008, when the the global financial. was at its peak.
As the US dollar gained momentum across the board the GBP/USD accelerated to the downside, retreating further from multi-year highs.
Cable is headed toward the second weekly gain in a row against the US dollar on the back of inflation and employment data from the United Kingdom. Also GBP/USD could post the highest weekly close, since October 2008, when the the global financial. was at its peak.