8 Jun 2015
GBP/USD breaks above 1.5300 and extends gains
FXStreet (Córdoba) - GBP/USD extended gains and printed fresh daily highs as the dollar continues to weaken across the board.
Despite US President Obama refuted reports stating he was concerned about a strong greenback, the currency continued to underperformed extending losses over the last hours.
GBP/USD broke above the 1.53 mark and accelerated to a high of 1.5341 before finding resistance. At time of writing, the pair is trading at 1.5330, recording a 0.37% gain on the day, and having taken back most of Friday’s losses.
Despite US President Obama refuted reports stating he was concerned about a strong greenback, the currency continued to underperformed extending losses over the last hours.
GBP/USD broke above the 1.53 mark and accelerated to a high of 1.5341 before finding resistance. At time of writing, the pair is trading at 1.5330, recording a 0.37% gain on the day, and having taken back most of Friday’s losses.