FXstreet.com (Córdoba) - The Pound is extending the rally on Friday against the Swiss Franc and the Euro. EUR/GBP is testing levels below 0.9100 continuing it decline from 6-month high at 0.9410. The pair currently trades at 0.9097, at the lowest price in a week. The next support lies at 0.9080 and below at 0.9020 and 0.8980. EUR/GBP has fallen more than 230 pips in the last tow days.
Against the Swiss Franc, Cable is rising sharply for the second day in a row, accumulating an increase of more than 400 pips. GBP/CHF currently trades at 1.6660, one week high and is testing an important downtrend line in daily chart. Immediate resistance lies at 1.6700 and above at 1.6770.