Pound Rises After U.K. PMI
March 02 2015 - 5:12AM
RTTF2
The British pound strengthened against most major currencies in
the early European session on Monday, after data showed that the
British manufacturing activity was the strongest in seven months
during February.
Data from Markit economics showed that the seasonally adjusted
Markit/CIPS Purchasing Manager's Index for the manufacturing sector
climbed to 54.1 in February. Economists had forecast a score of
53.3. January's reading was revised up to 53.1 from 53.
The pound rose to a 4-day high of 1.4753 against the Swiss
franc, from an early low of 1.4680.
Against the U.S. dollar and the yen, the pound edged up to
1.5428 and 184.90 from early lows of 1.5384 and 184.36,
respectively.
If the pound extends its uptrend, it is likely to find
resistance around 1.56 against the Swiss franc, 1.58 against the
U.S. dollar and 188.06 against the yen.
Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From Mar 2024 to Apr 2024
Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From Apr 2023 to Apr 2024
