GBP/USD reaches 1.6900, fresh multi-year high

FXStreet (Córdoba) - Cable rose further against the US dollar and reached the strongest levels since August 2009. The GBP/USD climbed to 1.6900 hitting a fresh daily high ahead of the FOMC statement as the US dollar plunged across the board.

Greenback weakened after the Wall Street’s opening bell pushing the pair to the upside. Cable was able to break above 1.6855/60, where previous highs lie and soared to 1.6900 that capped the upside.

Currently GBP/USD is pulling back slightly and trades at 1.6888, up 0.35% and rising for the third day in a row, headed toward the highest daily close since 2009.