FXstreet.com (Córdoba) - Dollar continues to rise across the board. GBP/USD fell from 1.6450 to 1.6340, after a big reversal. The pair is heading toward intra-day low at 1.6325. Current price at 1.6344/49 is at the same levels it had at the begging of the day. During the American session the pair lost previous gains. In case Greenback rises further the next support lies at 1.6300.
Nick Nasad, currency market analyst with CMS Forex affirms: The Pound has been an interesting currency recently as there are still some pretty big concerns around the economy. The GBP/USD pair did bounce up off an important long term support level (connecting lows from Jul 7th and Sept 2nd).