News Column

Pound Recovers Against Most Majors

August 22, 2014

BRUSSELS (Alliance News) - The pound recovered from its early lows against most major currencies in the early European session on Friday.

Moving away from an early 2-day low of 0.8015 against the euro, the Sterling ticked up to 0.8004.

The pound, which closed yesterday's deals at 1.5109 against the Swiss franc, edged up to 1.5121. This may be compared to an early multi-day low of 1.5099 against the franc.

The pound rose to 172.13 against the yen, from an early low of 171.91.

If the pound extends its uptrend, it is likely to find resistance around 0.79 against the euro, 173.42 against the yen and 1.52 against the franc.

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Source: Alliance News

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