Pound Recovers Against Majors
February 27 2015 - 7:39AM
RTTF2
The pound came off from its early lows against the other major
currencies in Europe on Friday.
The pound was trading at 184.26 against the yen, 1.4645 against
the franc and 1.5439 against the greenback, off early 2-day low of
183.53 and 4-day lows of 1.4580 and 1.5383, respectively.
The pound rose back to 0.7266 against the euro, off early low of
0.7297. The pound is thus heading to pierce early more than 7-year
high of 0.7256.
The pound is likely to find resistance around 187.00 against the
yen, 1.475 against the franc, 1.55 against the greenback and 0.71
against the euro.
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