FXstreet.com (Barcelona) - The Pound has continuing rising against the Greenback in the European session inside a recovery movement from 1.6150 low on Thursday. Pair has extended increases above 1.6350 level and it has posted daily highs close to 1.6370.
Currently the pair is trading around 1.6365/75, 0.50% above today's opening price action.
George Clement, Analyst at Swiss e Trade, comments: Cable is trading a little higher in early European hours, currently at 1.6325, and trying to explore a large resistance zone between 1.6390 and 1.6450. We see the current upmove coming to an end in this zone today and a testing of current levels again.