FXstreet.com (Córdoba) - The Pound is extending its rally against European currencies and trades at the highest level in two months against the Swiss Franc and the Euro.

GBP/CHF is rising for the fourth consecutive session accumulating an increase of almost 400 pips and traded above 1.7100 for the first time since September 15. The pair currently trades at 1.7085/88, 0.85% above today's opening price. At 1.7100/10 faces an important resistance.

The Euro fell to the lowest level in two months against the Pound. EUR/GBP is testing an important support zone at 0.8830/40. The pair is extending it decline from 0.9415 and has fallen in the last four sessions.