Pound Recovers Against Majors
13 Oktober 2015 - 4:42AM
RTTF2
The British pound recovered from its early lows against the
other major currencies in the pre-European session on Tuesday.
The pound rose to 4-day highs of 1.5375 against the U.S. dollar
and 0.7393 against the euro, from early 4-day lows of 1.5300 and
0.7425, respectively.
Against the yen, the pound advanced to a 4-day high of 1.4789
from an early low of 1.4727.
Moving away from an early 5-day low of 183.39 against the yen,
the pound edged up to 184.24.
If the pound extends its uptrend, it is likely to find
resistance around 1.55 against the greenback, 0.72 against the
euro, 1.49 against the franc and 187.00 against the yen.
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