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GBP/USD plummets below 1.6400

FXStreet (Córdoba) - GBP/USD fell back below 1.6400 after a short lived recovery that was capped by the 1.6450 barrier and printed a fresh 6-month lows at 1.6368 and remains near daily lows under pressure, as the US dollar continues to rise versus European currencies.

Cable is falling for the third day in a row against Greenback and is headed toward the lowest daily close since February 6. Recent decline brought the pound to negative territory for 2014.

Since the beginning of September GBP/USD has fallen 250 pips despite economic data from the UK. The Scottish referendum and a stronger US dollar pushed the pair to the downside.

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