RTTN:Pound Spikes Up To More Than 5-week High Against U.S. Dollar
During early European trading on Wednesday, the pound reversed its direction and advanced against the U.S. dollar.
The pound is now trading at more than a 5-week high of 1.6135 against the greenback, up from an early low of 1.6097. The next upside target level for the pound-greenback pair is seen at 1.62. The pair ended yesterday's deals at 1.6117.
