6 Oct 2014
GBP/USD climbs above 1.6000
FXStreet (Córdoba) - GBP/USD rose back above 1.6000 boosted by a decline of the US dollar across the board. The pair reached a fresh daily high at 1.6011 and was holding above 1.6000.
Cable was trading 40 pips above Friday’s closing price headed toward the first daily gain against Greenback, since September 23 , recovering from 11-month lows.
USD pulling back
The US dollar reached fresh lows in the market after Wall Street opening bell and was trading near the lows, making a bearish correction after rallying sharply on Friday, after the NFP report and ahead of the FOMC minutes, to be released on Wednesday.
Cable was trading 40 pips above Friday’s closing price headed toward the first daily gain against Greenback, since September 23 , recovering from 11-month lows.
USD pulling back
The US dollar reached fresh lows in the market after Wall Street opening bell and was trading near the lows, making a bearish correction after rallying sharply on Friday, after the NFP report and ahead of the FOMC minutes, to be released on Wednesday.