Forex | Forex | Forex: GBP/USD jumps to 1-month highs (31/07/2009 15:28:00)

Forex: GBP/USD jumps to 1-month highs

Fxstreet.com (Barcelona) – After bouncing strongly at intra-day high at 1.6470, GBP/USD has climbed to break the 1.6575 key resistance to trade above 1.6600 and post 1-month high close to 1.6675. Pound is fueling by risk appetite on optimism as US recession seems to be near to the end.

Cable is trading around 1.6665/75, 1.00 above today's opening price.
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