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GBP/USD hit fresh lows below 1.6600 on slightly hawkish FOMC minutes

FXStreet (Córdoba) - The US dollar gained momentum across the forex market following the FOMC minutes pushing the GBP/USD below 1.6600. The pair hit a fresh 4-month low at 1.6588.

Cable was rising against the US dollar supported by minutes from the Bank of England, but erased all gains and turned lower after Fed minutes that showed a hawkish bias, as some officials mentioned that a rate hike could come sooner, depending on economic data.

Currently the GBP/USD is trading around 1.6600, slightly lower for the day but still headed toward the lowest close since early April.

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