News Column

Pound Rises Against Most Majors

May 22, 2014

BRUSSELS (Alliance News) - The British currency strengthened against most major currencies ahead of European deals on Friday.

The pound advanced to 0.8086 against the euro around 2:25 am ET.

Against the the Swiss franc, the pound rose to 1.5105, up from yesterday's closing quote of 1.5084.

Against the US dollar, the pound recovered to 1.6876, from a low of 1.6854 hit in the early Asian session.

If the pound extends its rise, it is likely to find resistance around 0.79 against the Euro, 1.52 against the Swiss franc and 1.69 against the U.S dollar.

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Source: Alliance News

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