FXstreet.com (Córdoba) - The Pound fell further against the
Dollar during the American session and bottomed at 1.4737, reaching
the lowest price in two days. The pair retreated sharply from
1.4935 (fresh 1-month high) and currently trades around 1.4758/62,
more than 150 pips below daily highs.
Against the Yen, Cable failed to hold to gains. GBP/JPY peaked
during the European session at 136.00 (highest price since June 4)
but the pair retreated afterwards to the same price level it had at
the beginning of the day, around the 134.30 zone.