Pound Rises Against Majors
March 27 2017 - 1:54AM
RTTF2
The British pound strengthened against the other major
currencies in the European session on Monday.
The pound roses to nearly a 2-month high of 1.2582 against the
U.S. dollar, from an early low of 1.2484.
Against the euro, the Swiss franc and the yen, the pound
advanced to 0.8635, 1.2389 and 138.82 from an early 5-day lows of
0.8674, 1.2341 and 138.05, respectively.
If the pound extends its uptrend, it is likely to find
resistance around 1.27 against the greenback, 0.85 against the
euro, 1.25 against the franc and 141.00 against the yen.
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