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Pound Trades Higher Against Majors

08:44, 27th August 2014

(RTTNews) - The pound traded higher against its major rivals in Europe on Wednesday.

The pound climbed to a 1-week high of 1.6604 against the greenback. Recovering from an early 5-day low of 172.05 against the yen, the pound edged up to 172.51.

The pound rose to a 2-day high of 1.5199 against the franc and a 2-week high of 0.7938 against the euro, off early lows of 1.5163 and 0.7962, respectively.

The next possible resistance level for the pound is seen around 1.67 against the greenback, 173.5 against the yen, 0.79 against the euro and 1.525 against the franc.

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