FXstreet.com (Córdoba) - The Pound failed to regains levels above 1.6500 but managed to erase most of the losses. GBP/USD fell to 1.6268, posting the lowest price since November 3 during the Asian session. The pair then rallied and jumped more than 200 pips to test 1.6500, a few pips below Friday's opening price. Cable pulled down later and finished the week trading between 1.6465 and 1.6485. GBP/USD is ending the week practically at the same price it had at the beginning.
Against the Yen, the Pound also recovered sharply on Friday after trading at the lowest price in 7 months. GBP/JPY tumbled to 139.25 and then rose back above 142.50. The pair is ending the week with a decline of 350 pips.