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Forex News: Pound Rises Against Majors

Pound Rises Against Majors

11/20/2024 - 04:56:00 (RTTNews)

(RTTNews) - The British pound strengthened against other major currencies in the European session on Wednesday.

The pound rose to a 6-day high of 1.2715 against the U.S. dollar, from an early low of 1.2673.

Against the euro, the Swiss franc and the yen, the pound advanced to 5-day highs of 0.8327, 197.80 and 1.1240 from early lows of 0.8360, 196.24 and 1.1193, respectively.

If the pound extends its uptrend, it is likely to find resistance around 1.29 against the greenback, 0.82 against the euro, 200.00 against the yen and 1.13 against the franc.

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