09.12.201906:42:00UTC+00Pound Appreciates Against Majors

The pound drifted higher against its major counterparts in pre-European deals on Monday.

The pound rose to near a 7-month high of 1.3057 versus the franc and more than an 8-month high of 1.3181 against the dollar, from its early lows of 1.2999 and 1.3132, respectively.

The pound firmed to 0.8392 versus the euro, its strongest since May 2017.

Reversing from an early low of 142.60 against the yen, the pound gained to 143.11.

Next key resistance for the pound is seen around 0.82 versus the euro, 147.00 against the yen and 1.35 against both the franc and the dollar.