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Pound Rises Against Majors
(RTTNews) - The British pound strengthened against other major currencies in the European session on Monday.
The pound rose to a 5-day high of 0.8811 against the euro, from an early low of 0.8829.
Against the U.S. dollar, the yen and the Swiss franc, the pound advanced to 1.3181, 203.90 and 1.0465 from early lows of 1.3136, 203.14 and 1.0444, respectively.
If the pound extends its uptrend, it is likely to find resistance around 0.87 against the euro, 1.34 against the greenback, 205.00 against the yen and 1.06 against the franc.
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