Pound Strengthens Against Majors
August 20 2018 - 2:48AM
RTTF2
The pound climbed against its major rivals in the European
session on Monday.
The pound rose to 0.8939 against the euro, reversing from a low
of 0.8975 hit at 5:00 pm ET.
The pound climbed to 6-day highs of 1.2766 against the dollar
and 1.2712 against the franc, from its early lows of 1.2729 and
1.2666, respectively.
The U.K. currency reversed from an early low of 140.72 against
the yen, rising to a 4-day high of 141.22.
If the pound rises further, it may find resistance around 0.88
against the euro, 144.00 against the yen and 1.29 against both the
dollar and the franc.
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