RTN:Pound Rises To 2-day High Against Dollar And Swiss Franc
(RTTNews) - U.K.'s sterling strengthened against its major counterparts in early European deals Thursday. The British currency climbed to a 2-day high of 1.3777 against the Swiss franc and 1.6458 versus the US dollar around 3:20 am ET. On the upside, the pound may find target levels at 1.6560 against the buck and 1.38 against the franc.
Testing yesterday's peak, the pound reached as high as 132.0 against the yen before holding steady around 3:20 am ET. The pound-yen pair is presently worth 131.86 with 133.10 seen as the next likely resistance level.
Reversing its Asian session downtrend, the pound drifted higher to 0.8895 against the euro around 3:00 am ET and the pair leveled off thereafter. If the pound strengthens further, it may break yesterday's 5-day high of 0.8886 in near-term.
