News Column

Pound Climbs Against Majors

June 17, 2014

BRUSSELS (Alliance News) - The pound advanced against its major counterparts ahead of European deals on Wednesday.

The pound hit a 2-day high of 0.7980 against the euro and a new 3-month high of 173.53 against the yen, compared to yesterday's closing values of 0.7983 and 173.20, respectively.

The pound that ended yesterday's deals at 1.5248 versus the franc rose to 1.5266. Against the dollar, the pound ticked up to 1.6970.

The next possible upside target for the pound is seen around 1.53 against the franc, 0.79 against the euro, 1.704 against the greenback and 174.5 against the yen.

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Source: Alliance News

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