GBPUSD goes down to two-month low


The pound decreased against the U.S. dollar today, reaching a fresh two-month low as a result of the growing uncertainty that follows the bailout plan of Greece.

The currency pair GBPUSD reached the level 1.5866 during the European afternoon trade, which is a low since September 5. Then the pair stayed firm at 1.5874.

GBPUSD was supposed to hit the support level at 1.5826, a bottom from September 5, and resistance at the level 1.5943, a top from September 6.

Besides, sterling was also falling against the euro with EURGBP reaching 0.8014.

Later today, German Chancellor Angela Merkel is expected to travel to Lisbon to negotiate with Portuguese political leaders, amid public opposition to the country’s austerity cuts.

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