News Column

Pound Climbs Against Majors

May 2, 2014

BRUSSELS (Alliance News) - The pound advanced against other major currencies in early European deals on Friday.

The pound bounced off from an early low of 1.6879 against the greenback and was trading at 1.6893 around 3:20 am ET.

The pound hit 173.11 against the yen, highest level since April 3. Against the franc and the euro, the pound strengthened to 2-day highs of 1.4870 and 0.8200, respectively.

If the pound extends advance, it is likely to seek resistance around 1.495 against the franc, 0.81 versus the euro, 174.5 against the yen and 1.695 against the greenback.

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Source: Alliance News

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