FXstreet.com (Córdoba) - The Pound has recovered so far more than 80 pips after falling to 1.6048, the lowest price since October 15. GBP/USD rose back above 1.6100 to the current level at 1.6130, 0.12% below today's opening price. Cable weakened earlier after being unable to break above 1.6250. The pair is falling for the third week in a row accumulating a decline of 400 pips.
Against the Euro, the Pound is moving sideways on Friday in a range between 0.8855 and 0.8895. EUR/GBP is falling for the third consecutive week. To the downside the pair has a key support at 0.8830.