Forex Breaking News – Sterling hits two-week high against U.S. Dollar

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Sterling hit a two-week high against a broadly weak U.S. dollar in the European session. GBPUSD rose to $1.6460, its highest since May 11, to trade with gains of around 0.4 percent since the European open at 1.6426.

Cable was lifted by a bruised Dollar after Thursday’s weak U.S. economic data on GDP and jobs hit U.S. Treasury yields and put pressure on the greenback. The dollar index traded with losses of 0.7 percent.