FXstreet.com (CÃ³rdoba) - The Dollar has recovered part of early losses against the Pound. During the American session, GBP/USD failed to reach levels above 1.6600. In the last hour Greenback tested prices below 1.6500 falling to 1.6480. From there the pair rebounded and now is near the 1.6500 zone. Despite the recent correction the pair is still up and 0.95% above today's opening price, rising for the fourth time in the last five days.
Cable is falling sharply against the Euro on Tuesday. EUR/GBP jumped today from 0.8730 to 0.8788. The pair is still holding below a key trend line that supports the Pound.