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UK pound recoils against US housing market muscle

Behind US dollar's new strength were better-than-expected data from the housing market, and Germany's steam also pushed the euro. The sterling pound slid against both

By Richard Nehme | Sept. 25, 2013 16:35 BST
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EURUSD fell as the dollar reversed some of last week’s losses, the pair slipped below 1.35 to a session low of 1.3463., the lowest in a week. This morning has seen the euro strengthen and EURUSD is currently trading back at 1.35. Support today is seen at 1.3451 and resistance will be found at 1.3518 [...]

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