Pound Advances Against Majors
26 May 2016 - 1:30PM
RTTF2
The British pound strengthened against the other major
currencies in the early European session on Thursday.
The pound rose to nearly a 4-month high of 1.4606 against the
Swiss franc and more than a 3-week high of 1.4739 against the U.S.
dollar, from early lows of 1.4540 and 1.4692, respectively.
Against the euro and the yen, the pound edged up to 0.7579 and
162.01 from early lows of 0.7605 and 160.93, respectively.
If the pound extends its uptrend, it is likely to find
resistance around 1.49 against the franc, 1.49 against the
greenback, 0.74 against the euro and 166.00 against the yen.
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