GBPUSD Pound Sterling vs United States Dollar

The British pound strengthened against the other major currencies in the early European session on Tuesday.

The pound rose to 1.4461 against the U.S. dollar, from an early low of 1.4390.

Moving away from more than a 1-year low of 0.7787 against the euro, the pound advanced to 0.7731.

Against the yen and Swiss franc, the pound edged up to 166.86 and 1.4256 from early near 3-week lows of 164.79 and 1.4168, respectively.

If the pound extends its uptrend, it is likely to find resistance around 1.47 against the greenback, 0.80 against the euro, 170.00 against the yen and 1.47 against the franc.

Sterling vs US Dollar (FX:GBPUSD)
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Sterling vs US Dollar (FX:GBPUSD)
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From Apr 2023 to Apr 2024