Pound Advances Against Majors - ConsultFX

Pound Advances Against Majors

The pound climbed against its major counterparts in the European session on Thursday.

The U.K. currency strengthened to a 2-week high of 0.8853 against the euro and near a 2-month high of 1.2886 versus the franc, from its early lows of 0.8876 and 1.2818, respectively.

The pound rose to 1.2995 against the greenback, from more than a 3-week low of 1.2922 hit at 9:15 pm ET.

Having dropped to 147.71 against the yen at 11:45 pm ET, the pound changed course and appreciated to a session's high of 148.59.

The next possible resistance for the pound is seen around 0.87 against the euro, 150.00 against the yen and 1.32 versus both the franc and the greenback.


The material has been provided by InstaForex Company - www.instaforex.com