3 Dec 2014
GBP/USD climbs above 1.5700
FXStreet (Córdoba) - GBP/USD extended intraday gains versus the greenback during the New York session and managed to climb back above the 1.5700 level, becoming one of the best performers of the day.
GBP/USD was underpinned by better-than-expected UK services PMI figures during the European trade and was able to extend its recovery over the last hours, to hit a daily high of 1.5718 in recent dealings.
At time of writing, GBP/USD is trading at 1.5707, recording a 0.46% gain on the day, as investors gear up for the Bank of England decision Thursday.
However, GBP/USD continues to waver within a wide weekly range, unable to get follow-through and determine a short-term direction, trading barely above its 2014 low of 1.5584 scored Monday.
GBP/USD was underpinned by better-than-expected UK services PMI figures during the European trade and was able to extend its recovery over the last hours, to hit a daily high of 1.5718 in recent dealings.
At time of writing, GBP/USD is trading at 1.5707, recording a 0.46% gain on the day, as investors gear up for the Bank of England decision Thursday.
However, GBP/USD continues to waver within a wide weekly range, unable to get follow-through and determine a short-term direction, trading barely above its 2014 low of 1.5584 scored Monday.