Reversing direction, the pound advanced against its key counterparts in European trading on Tuesday.

The pound advanced to a 4-day high of 1.2850 against the franc, off its early low of 1.2791.

The pound bounced off to 1.3118 against the greenback, from a low of 1.3059 hit at 2:45 am ET.

The pound climbed to 134.15 against the yen and 0.8516 against the euro, coming off from its early 4-day lows of 133.34 and 0.8552, respectively.

The next possible resistance for the pound may be found around 135.5 against the yen, 1.30 against the franc, 1.33 against the greenback and 0.84 against the euro.

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