Forex Trading : Sterling fell against the US dollar on Tuesday, amid growing expectations of a rate hike in the United States, which contributed to provide support for the dollar on a large scale.
It has GBP / USD to hit 1.5029 during European morning trade, the lowest price for the session, and the pair subsequently consolidated at 1.5052, shedding 0.51%.
Cable was likely to find support at 1.4986, the low of February 3 and resistance at 1.5135, the highest price of the day Monday.
And continued demand for the dollar supported after that released the latest report of the jobs in the United States, expectations of higher interest rates.
It is expected that the Fed starts raising interest rates around the middle of this year, as investors awaited a policy statement to be issued next week to look for indications as to whether the bank will wait before raising interest rates.
Sterling rose against the euro, with EUR / GBP shedding 0.41% to hit 0.7143.
The sentiment remained weak on the single currency after the European Central Bank President Mario Draghi said at a meeting on Monday to Greek officials that he should representatives of the euro zone to return to Athens and the study of government agendas in Greece in order to obtain more aid.
Greece is said to be Greece and agreed to allow experts representing the European Commission and the European Central Bank and the International Monetary Fund to start work in Athens on Wednesday.