More from FXstreet.com

Forex: GBP/USD settles around 1.6150 after steep decline

By FXstreet.com,  January 03, 2013, 01:45:00 PM EDT

FXstreet.com (Córdoba) - As most crosses in the FX market, GBP/USD entered in a consolidation phase during the American afternoon after the selloff seen during the European session.

GBP/USD has spent the last hours in a slim range around 1.6150, although it managed to push a tad lower and printed a low of 1.6138 in recent dealings. At time of writing, the pair is quoting at the 1.6145/50 zone, 0.7% below its opening price.

The Cable came under pressure this week as the US budget deal euphoria faded and after failing to break above the 1.6340 level.

Looking ahead, the minutes of the FOMC latest meeting are due for release, although no major reaction is expected as Bernanke addressed many questions after the Fed decision.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

How to Pick Stocks in This Economic Environment
How to Pick Stocks in This Economic...
How To Grow Your Small Business
How To Grow Your Small Business     
Private Wealth Revives, Managers Face Higher Costs
Private Wealth Revives, Managers Fa...
Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7 0.32  4.37%
PFE $ 29.10 0.30  1.02%
BAC $ 13.19 0.08  0.60%
MU $ 13.97 0.22  1.60%
SIRI $ 3.37 0.03  0.88%
GE $ 23.98 0.35  1.44%
QQQ $ 72.76 0.82  1.11%
ELN $ 14.15 0.37  2.69%