More from FXstreet.com

Forex: GBP/USD unable to recover holds near daily lows

By FXstreet.com,  August 17, 2010, 02:09:00 PM EDT

FXstreet.com (Córdoba) - The Pound is among the worst performers across the board on Tuesday weakened by UK CPI figures, released earlier during the European session. Against the Dollar, Cable fell to 1.5560 and attempted to recover afterwards but the upside was capped by 1.5600.

The pair has been steady in the last hours, trading near daily lows below 1.5585. Pound erased yesterday's gains.

To the upside resistance levels lie at 1.5600 and above at 1.5635/40 and 1.5695/00 (daily high) while support levels could be located at 1.5560 (daily low) and 1.5535 (Aug 16 low).




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

South Korea Helicopter on Show
South Korea Helicopter on Show      
In The Wake Of Devastation
In The Wake Of Devastation          
An Orchestra Walks Into a Bar...
An Orchestra Walks Into a Bar...    
Tutu Scoops Templeton Prize
Tutu Scoops Templeton Prize         


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

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

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%