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Forex News: Pound Strengthens Against Majors

Pound Strengthens Against Majors

10/01/2018 - 09:11:00 (RTTNews)

(RTTNews) - The pound drifted higher against its major counterparts in early New York deals on Monday.

The pound rose to a 4-day high of 1.3115 against the greenback and a 10-day high of 149.41 versus the yen, from its early lows of 1.3012 and 148.18, respectively.

Reversing from its early lows of 1.2770 against the franc and 0.8915 against the euro, the pound climbed to near a 2-month high of 1.2884 and an 11-day high of 0.8859, respectively.

The next possible resistance for the pound is seen around 1.32 against the greenback, 151.00 versus the yen, 1.30 against the franc and 0.87 against the euro.

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