The pound continued to be firmer against the U.S. dollar and the Japanese yen in European deals on Thursday.
The pound spiked up to 1.5548 versus the dollar and 188.06 against the yen, its highest levels since August 26. This may be compared to early lows of pound of 186.70 against the yen and 1.5486 against the greenback. At Wednesday’s close, the pound was worth 1.5488 against the greenback and 186.71 against the yen. The next possible resistance for the pound is seen around 1.565 against the greenback and 189.00 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com