Pound Rises Against Majors
July 11 2024 - 12:29AM
RTTF2
The British pound strengthened against other major currencies in
the European session on Thursday.
The pound rose to a 17-year high of 208.11 against the yen and a
4-month high of 1.2873 against the U.S. dollar, from early lows of
207.58 and 1.2849, respectively.
Against the Swiss franc and the euro, the pound advanced to
nearly a 1-1/2-month high of 1.1573 and nearly a 1-month high of
0.8420 from early lows of 1.1553 and 0.8443, respectively.
If the pound extends its uptrend, it is likely to find
resistance around 209.00 against the yen, 1.29 against the
greenback, 1.17 against the franc and 0.82 against the euro.
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