FXstreet.com (Córdoba) - The Pound rose after the opening bell at Wall Street against the Dollar, erasing part of previous losses. In the last hours Cable lost strength and GBP/USD regain the downside. Currently is testing levels under 1.6200 and is 0.14% below today's opening price. A downside continuation is likely to continue in the next sessions, considering the pair failed to confirm above 1.6230, after posting a intra-session high at 1.6235.
According to Andrew Wilkinson, senior analyst at Interactive Brokers: Sterling continues to suffer and is fast approaching $1.60 against the pound and the euro continues to chase north of 90 pence as more analysts join the bearish bandwagon that argues that the nation's financial system remains fog bound.