News Column

Pound Advances Against Majors

August 31, 2014

BRUSSELS (Alliance News) - The pound drifted higher against the other major currencies ahead of European deals on Monday.

The pound strengthened to 173.01 against the yen, strongest since August 6, while approaching near 3-week high of 1.5264 against the franc.

The pound hit 0.7900 against the euro for the first time since July 24. Against dollar, the pound rose to 1.6620, nearly a 2-week high.

The next possible resistance for the pound is seen around 1.67 against the greenback, 174.00 against the yen, 1.535 against the franc and 0.78 against the euro.

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Source: Alliance News

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