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5 Sep 2014
GBP/USD testing 1.6330, consolidates weekly losses
FXStreet (Córdoba) - Cable gained momentum against Greenback after the release of disappointing US jobs data and rose toward 1.6330. After Wall Street opening bell GBP/USD climbed to 1.6338, hitting a fresh daily high but then bounced back below the 1.6330 area. The mentioned zone continues to be an important intraday resistance area.
The pair remains steady as the currency market calms following employment data. Yen is so far the best performer, supported by falling US government bond yields. GBP/JPY was trading at 2-week lows, barely above 171.00.
GBP/USD worst weekly performance for the year
Despite holding flat on Friday GBP/USD was trading 280 pips below the price it had a week ago, having the worst week since the beginning of the current year. It is also about to post the eight weekly decline out of the last nine weeks.
The pair remains steady as the currency market calms following employment data. Yen is so far the best performer, supported by falling US government bond yields. GBP/JPY was trading at 2-week lows, barely above 171.00.
GBP/USD worst weekly performance for the year
Despite holding flat on Friday GBP/USD was trading 280 pips below the price it had a week ago, having the worst week since the beginning of the current year. It is also about to post the eight weekly decline out of the last nine weeks.