FXstreet.com (CÃ³rdoba) - The rally of the Dollar across the board eased in the last hours. GBP/USD pulled back to levels above 1.6150 after falling to 1.6111 posting a 7-week low. Despite the recent recovery Cable has fallen more than 70 pips during the American session. Current price at 1.6555/59 is 0.75% below today's opening price.
Cable is also falling against the Yen. GBP/JPY tumbled earlier falling to 149.80, reaching the lowest price since July 13. The pair is back above 150.00 but is still under pressure.
Against the Euro, the Pound is moving sideways with no clear direction. EUR/GBP is holding below 0.8800. Support lies at 0.8770 and below at 0.8730.