Pound Extends Rise Against Majors
23 March 2017 - 4:48PM
RTTF2
The British pound continued to be strong against the other major
currencies in the European session on Thursday.
The pound rose to nearly a 1-month high of 1.2527 against the
U.S. dollar, a 3-week high of 1.2444 against the Swiss franc and
nearly a 3-week high of 0.8605 against the euro, from early lows of
1.2463, 1.2365 and 0.8654, respectively.
Against the yen, the pound edged up to 139.14 from an early low
of 138.39.
If the pound extends its uptrend, it is likely to find
resistance around 1.26 against the greenback, 1.26 against the
franc, 0.85 against the euro and 141.00 against the yen.
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