Data from the National Statistics showed that
Month-on-month, consumer prices gained 0.2%, confounding expectations for a 0.1% fall. Prices declined 0.1% in May.
The pound rose to a 1- week high of 1.5304 against the Swiss franc, from an early low of 1.5216. At yesterday's close, the pound was trading at 1.5234 against the franc.
Having fallen to an early low of 0.7979 against the euro and a 4-day low of 173.26 against the yen, the pound advanced to 5-day highs of 0.7934 and 174.08, respectively. The pound was quoted at 0.7968 against the euro and 173.43 against the yen at yesterday's close.
Against the US dollar, the pound rose to a 4-day high of 1.7144 from an early 2-week low of 1.7058. The pair closed yesterday's deals at 1.7081.
If the pound extends its uptrend, it is likely to find the resistance around 0.78 against the euro, 1.72 against the greenback, 174.86 against the yen and 1.53 against the franc.
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