FXstreet.com (Córdoba) - The Pound tumbled against the Euro and the Swiss Franc after rising in the last four days. GBP/CHF peaked yesterday at 1.7105, posting the highest price in two months. The pair failed to hold at those levels and tumbled almost 200 pips falling to 1.6880. Currently the pair trades at 1.6905/09, 1.00% below today's opening price.
Against the Euro, Cable is also pulling back from 2-month highs. EUR/GBP found support at 0.8830 and started to recover. The pair rose a hundred pips today and peaked at 0.8950 (intra-day high). The Euro then pulled back and at the moment of writing trades at 0.8932/35, 0.98% above the price it had at the beginning of the day.
Cable came under pressure after the minutes of the Bank of England reveal that the decision of extending quantitative easing program was split in three different ways, with some members voting against the extension of the program and another member voting in favour of a larger increase.