Pound Rises Against Most Majors

The British pound strengthened against most major currencies in the Asian session on Thursday.

The pound rose to nearly a 5-month high of 1.5119 against the Swiss franc and a 1-week high of 0.7026 against the euro, from yesterday’s closing quotes of 1.5092 and 0.7036, respectively.

Against the yen, the pound climbed to 193.81 from yesterday’s closing value of 193.33.

If the pound extends its uptrend, it is likely to find resistance around 1.52 against the franc, 0.69 against the euro and 195.30 against the yen.

The material has been provided by InstaForex Company – www.instaforex.com