The British pound staged a sharp spike against its European and Swiss counterparts by about 2:00 am ET Wednesday. As of now, the UK currency is trading at 0.9009 against the euro and 1.6770 against the franc, compared to yesterday's closing values of 1.6741 and 0.9025, respectively. If the pound climbs further, 1.69 is seen as the next upside target level against the alpine currency and 0.89 level against the euro.
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