Forex trends: sterling gains ground against opponents



image Thursday morning in Asia, the British pound revealed firmness against its main opponents.

The pound rose to 0.8638 against the euro around 8:45 pm ET, the highest level since August 21, 2009. EUR/GBP pair that closed yesterday’s deals at 0.8675 is presently worth 0.865 with 0.858 seen as the next target level.
Against the Swiss franc, the pound climbed to more than a 2-month high of 1.7066 at this time and the pair is approaching to break the 1.712 resistance, which could set its strongest level in more than 4 months. GBP/CHF pair, which closed Wednesday’s North American deals at 1.6987, is presently quoted at 1.7035.
The pound also advanced to a 2-day high of 146.2 against the yen around 9:00 pm ET and the pair moved sideways thereafter. GBP/JPY pair that was worth 145.56 at Wednesday’s New York session close is presently quoted at 146.09. On the upside, the pair may find target around the 147.20 level.

At 10:05 pm ET, the pound rose to 1.6231 against dollar compared to Wednesday’s North American close of 1.6172. Currently, GBP/USD rally is quoted around 1.6220.

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