FXstreet.com (CÃ³rdoba) - Cable erased early gains against the dollar during the American Session falling from 1.4770 to 1.4645. Now is being traded around 1.4655 that is 0.36% lower for the day. GBP/USD managed to stay above 1.4400 during the week rallying Thursday and early Friday but couldn't consolidate above 1.4700. For the week the pair is below it opening price on Sunday, but last days recovered after falling to April lows on Wednesday.
The pound also lost against the yen and the euro in the week. EUR/GPB ended a four week rally that brought the pair from 0.9490 to 0.8770. Now is ending above 0.9000 again, gaining almost 200 pips for the week. GBP/JPY had the biggest weekly lose since February. The pair held above key level of 1.4100 but has broken an important uptrend line suggesting that GBP/JPY could get weaker in the next sessions.
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