During Monday's early European trading the UK sterling has been extending its previous session's gains against other majors on the back of a rise in stock prices. The pound hit almost a 3-month high against the yen and 10-day high against the US dollar. Most Asian and European stocks climbed today and commodities rallied as economic reports pointed to faster growth and concerns about Greece's debt abated. UK's FTSE 100 index is currently trading at 5,777.40, up 53.74 points or 0.9% over its previous close. At 3:00 am ET Monday, GBP/JPY pair rose to near a 3-month high of 145.88, which gives an appreciation of 0.96% to the pair from last week's close of 144.48. The next upside target for the pair is seen around the 150.7 level. The pound rose to 1.6634 versus the franc at 3:00 am ET, from last week's close of 1.6508. Currently, the pair is worth 1.6627 with the next target seen around the 1.665 level. Against the US currency, the pound continued to creep higher during Monday's early deals. The pound-dollar pair is currently trading at a 10-day high of 1.5491, compared to last week's close of 1.5377. The next target level for the pair is seen around the 1.552 level. The pound has been extending its uptrend against the 16-nation currency in Monday early deals. At present, the pound is trading at 0.8643 per euro. If the pound advances further, 0.861 is seen as the next target level. At last week's close, the pound was quoted at 0.8699 against the euro.

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