FXstreet.com (Córdoba) - The Pound is rising on Wednesday against European currencies. To the Swiss Franc, Cable started to rally to the upside during the European session. Currently GBP/CHF is testing levels above 1.6500. So far today the pair has risen more than 180 pips and is 0.90% above today's opening price action. Cable is having the biggest daily gains since mid August.
EUR/GBP is testing a support at 0.9200. If Cable managed to break below, it could send the pair lower. The next support lies at 0.9175 (Oct 6 low) and below at 0.9140 (Oct 5 low). The Euro weakened after failing to break above 0.9280 and is falling after three days with gains.