Pound Off Lows Against Majors
The pound trimmed its early losses against the other major currencies in European deals on Monday.
The pound hit 4-day highs of 1.2843 against the franc and 133.85 against the yen, from its early lows of 1.2783 and 133.17, respectively.
The pound recovered to 1.3078 against the greenback and 0.8477 against the euro, off its early low of 1.3032 and near a 4-week low of 0.8509, respectively.
If the pound extends rise, it may locate resistance around 1.32 against the greenback, 137.5 against the yen, 0.83 against the euro and 1.30 against the franc.
Source: LSE
