Pound Rises Against Majors
May 08 2017 - 09:11PM
RTTF2
The British pound strengthened against the other major
currencies in the Asian session on Tuesday.
The pound rose to nearly an 8-month high of 1.2934 against the
Swiss franc, nearly a 5-month high of 146.79 against the yen and a
1-week high of 0.8429 against the euro, from yesterday's closing
quotes of 1.2925, 146.54 and 0.8440, respectively.
Against the U.S. dollar, the pound edged up to 1.2955 from
yesterday's closing value of 1.2940.
If the pound extends its uptrend, it is likely to find
resistance around 1.30 against the franc, 148.00 against the yen,
0.83 against the euro and 1.30 against the greenback.
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