The British pound recouped Monday's early Asian session losses against other major currencies during early European deals. The pound thus climbed from a 4-day low against the yen and the dollar.
The pound bounced back against the yen and the dollar after falling to a 4-day low of 146.47 and 1.4608, respectively during Monday's early Asian trading. The pound is now trading at 147.80 against the Japanese unit and 1.4708 against the buck, compared to Thursday's closing values of 147.45 and 1.4682, respectively. On the upside, the UK currency may likely target the 1.478 level against the dollar and 149.2 level against the yen.
UK's sterling rebounded to 0.8970 against the euro by about 2:50 am ET Monday, after trading near a low level near 0.9007 on today's early Asian trading. At Thursday's New York session close, the euro-pound pair was quoted at 0.8973. If the sterling rises further, 0.886 is seen as the next likely resistance level.
The pound edged down to a 4-day low of 1.6911 versus the Swiss franc by about 8:05 pm ET Sunday. Thereafter, the pound gained ground and hit as high as 1.6983 within about one and a half hour. Since then the pair has been seeing uncertainty in direction and is now trading at 1.6944. The pound-franc pair closed Thursday's New York deals at 1.6932.
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