GBPUSD Pound Sterling vs United States Dollar

The U.S. dollar continued to be strong against the other major currencies in the early European session on Monday.

The U.S. dollar rose to a 7-1/2-month high of 1.0563 against the euro and more than a 7-month high of 1.5001 against the pound, from early lows of 1.0595 and 1.5050, respectively.

Against the yen, the greenback advanced to a 1-week high of 123.14 from an early low of 122.69.

The greenback edged up to 1.0319 against the Swiss franc, from an early low of 1.0294.

If the greenback extends its uptrend, it is likely to find resistance around 1.04 against the euro, 1.49 against the pound, 124.00 against the yen and 1.04 against the franc.

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

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