Market Commentary and Intraday News
Pound Spikes Up Against Most Majors
259 days ago
(RTTNews) - The pound rallied against most major opponents in early European deals on Friday as investors purchased high-yielding assets after ECB unveiled bond-buying program yesterday to fight European debt crisis.
The pound is now trading at more than a 2-week high of 1.5292 against the franc, compared to yesterday's close of 1.5199.
Against the Japanese yen, the pound hit more than a 3-month high of 126.03 with 127.00 seen as the next resistance level.
The U.K. currency strengthened to 1.5964 against the greenback for the first time since May 16.
For comments and feedback: contact firstname.lastname@example.org
Copyright(c) 2012 RTTNews.com. All Rights Reserved