Pound Rises Against Majors
February 08 2016 - 11:07PM
RTTF2
The British pound strengthened against the other major
currencies in the early European session on Tuesday.
The pound rose to 1.4461 against the U.S. dollar, from an early
low of 1.4390.
Moving away from more than a 1-year low of 0.7787 against the
euro, the pound advanced to 0.7731.
Against the yen and Swiss franc, the pound edged up to 166.86
and 1.4256 from early near 3-week lows of 164.79 and 1.4168,
respectively.
If the pound extends its uptrend, it is likely to find
resistance around 1.47 against the greenback, 0.80 against the
euro, 170.00 against the yen and 1.47 against the franc.
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