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Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.

The pound rose to a 1-year high of 1.3282 against the U.S. dollar, from an early 4-day low of 1.3161.

The pound advanced to more than a 5-week high of 1.2708 against the Swiss franc, from an early low of 1.2560.

Against the euro and the yen, the pound climbed to near 6-week highs of 0.9003 and 145.71 from early lows of 0.9083 and 143.91, respectively.

If the pound extends its uptrend, it is likely to find resistance around 1.33 against the greenback, 1.28 against the franc, 0.89 against the euro and 148.00 against the yen.

by RTT Staff Writer

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