Pound Rises Against Majors
18 May 2017 - 2:59PM
RTTF2
The British pound strengthened against the other major
currencies in the early European session on Thursday.
The pound rose to nearly a 8-1/2-month high of 1.3042 against
the U.S. dollar, from an early low of 1.2936.
Against the euro and the Swiss franc, the pound advanced to
2-day highs of 0.8539 and 1.2773 from early lows of 0.8609 and
1.2683, respectively.
The pound edged up to 144.72 against the yen, from an early near
3-week low of 143.39.
If the pound extends its uptrend, it is likely to find
resistance around 1.31 against the greenback, 0.83 against the
euro, 1.30 against the franc and 148.00 against the yen.
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