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6 Jan 2015
GBP/USD consolidates below 1.5200
FXStreet (Córdoba) - GBP/USD remains vulnerable near multi-month lows as coupled to the risk-off environment, disappointing UK services PMI put the pound on the defensive.
GBP/USD fell as low as 1.5151, posting a fresh 17-month low Tuesday and even though it moved off lows, it remained capped by the 1.5200 level. At time of writing, Cable is trading at 1.5180, recording a 0.43% loss on the day.
Meanwhile, the euro also managed to post gains versus the pound, which is among the worst performers across the board. EUR/GBP reached a 2-week high of 0.7861 in recent dealings.
GBP/USD fell as low as 1.5151, posting a fresh 17-month low Tuesday and even though it moved off lows, it remained capped by the 1.5200 level. At time of writing, Cable is trading at 1.5180, recording a 0.43% loss on the day.
Meanwhile, the euro also managed to post gains versus the pound, which is among the worst performers across the board. EUR/GBP reached a 2-week high of 0.7861 in recent dealings.