Pound Rises Against Majors
August 16 2017 - 1:18AM
RTTF2
The British pound strengthened against other major currencies in
the early European session on Wednesday.
The pound rose to 0.9082 against the euro and 1.2901 against the
Swiss franc, from an early 10-month low of 0.9143 and a 5-week low
of 1.2842, respectively. Against the yen and the Swiss franc, the
pound edged up to 143.09 and 1.2582 from early lows of 142.23 and
1.2498, respectively.
If the pound extends its uptrend, it is likely to find
resistance around 0.89 against the euro, 1.31 against the
greenback, 145.00 against the yen and 1.27 against the franc.
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