RTTN: Pound Jumps To 10-day High Against Yen, 8-day High Against Dollar
(RTTNews) - U.K.'s sterling edged sharply higher against its major rivals in early New York trading on Thursday on news that the Swiss National Bank will increase its sterling exposure by keeping some reserves into the pound-denominated assets.
The pound touched a 10-day high of 120.82 against the yen around 9:40 am ET, up by 1.7 percent from Asian session's 2-day low of 118.81. The next upside target for the pair is likely to be seen at 121.20.
Against the US dollar, the British currency is presently trading at an 8-day high of 1.5718 with 1.5750 seen as the next likely resistance level.
The pound also edged sharply higher to 0.8679 against the euro and 1.4066 against the Swiss franc around 9:45 am ET. On the upside, the sterling may target resistance levels at 1.4080 against the alpine unit and 0.8670 versus the common currency.
