Saturday, August 1, 2009

Forex: GBP/USD post 1.6732 as 1-month high

Fxstreet.com (Barcelona) – The Sterling has risen around 260 pips against the Dollar from 1.6471, intra-day low to break the 1.6575 key resistance and post 1.6732 as fresh 1-month high. Currently, the pair is trading above 1.6700 level, 1.20% above today's opening price.

GBP/USD is rising 1.70% so far this week from Monday opening price at 1.6449 to the current 1.6700. The current week is the third positive week in row.

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