6 Mar 2015
GBP/USD has the worst week since 2010
FXStreet (Córdoba) - Cable lost almost 200 pips on Friday and extended weekly loses. GBP/USD tumbled after the release of the US NFP report and bottomed during the American session at 1.5044, the lowest price since February 2.
The pair lost ground during the last five days in a row, accumulating a weekly decline of 350 pips, the worst performance since 2010. Last Friday ended at 1.5430, after testing levels on top of 1.5550.
Despite falling sharply against the US dollar, the pound managed to finished with gains against the euro and swiss franc. EUR/GBP posted the lowest weekly close since December 2007 while GBP/CHF ended above 1.4800, posting the seventh weekly gain in a row.
The pair lost ground during the last five days in a row, accumulating a weekly decline of 350 pips, the worst performance since 2010. Last Friday ended at 1.5430, after testing levels on top of 1.5550.
Despite falling sharply against the US dollar, the pound managed to finished with gains against the euro and swiss franc. EUR/GBP posted the lowest weekly close since December 2007 while GBP/CHF ended above 1.4800, posting the seventh weekly gain in a row.