RTTN:Pound Jumps To 1-1/2 Month High Against Dollar
The pound appreciated by more than 1.5 percent to a fresh 6-week high of 1.5443 against the US dollar around 6:35 am ET from a 5-day low of 1.5206 hit immediately following the release of the Bank of England inflation report.
With the cable staying well-above its 100-day simple moving average level, the next bullish barrier is seen around the 1.5540 area, its 200-day SMA.
