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17 Dec 2014
GBP/USD falls to test 2014 lows
FXStreet (Córdoba) - GBP/USD reversed sharply from 1.5700 as the US dollar gained momentum across the board and tumbled more than a hundred pips to test 2014 lows.
The pair reached a fresh low at 1.5539, where the 2014 low is located. So far it has been able to hold above but the area around 1.5540 remains under pressure. Cable is headed toward the lowest daily close since September 2013.
Janet Yellen is giving its press conference. The Federal Reserve kept rates unchanged and affirmed it would be patient in the normalization of monetary policy.
The pair reached a fresh low at 1.5539, where the 2014 low is located. So far it has been able to hold above but the area around 1.5540 remains under pressure. Cable is headed toward the lowest daily close since September 2013.
Janet Yellen is giving its press conference. The Federal Reserve kept rates unchanged and affirmed it would be patient in the normalization of monetary policy.