FXstreet.com (Córdoba) - The Pound managed to get back above 1.6200 and rose 80 pips in a few minutes to 1.6280. Currently trades at 1.6255/58, 0.16% below today's opening price. The rise in U.S. markets is adding pressure to the Dollar that is moving away from the highs of the day. GBP/USD continues to recover after falling to 1.6165 reaching the lowest price since October 15.

Cable also recovered part of previous losses against the Euro. EUR/GBP peaked during the European session at 0.9095, reaching an intra-week high. But the pair lost momentum and pulled down to 0.9050. Currently trades at 0.9055/58, 0.36% above today's opening price.