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FXstreet.com (Crdoba) - The Pound finished the week with a big decline against the Dollar and the Yen. GBP/USD fell on Friday to 1.5555, the lowest price May 21. On a weekly basis the pair suffered the biggest decline since September, fell more than 300 pips and lost the 1.6000 zone.
GBP/JPY fell for the fifth consecutive week and tumbled to the lowest level in ten months. The pair closed on Friday below 140.00 for the first time since March.
Forex: Cable worst week since September
Posted 2/5/2010 4:28 PM ET by from FXstreet.com
GBP/JPY fell for the fifth consecutive week and tumbled to the lowest level in ten months. The pair closed on Friday below 140.00 for the first time since March.
