2017.09.1507:34:00UTC+00Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Friday.

The pound rose to a 1-year high of 1.3077 against the Swiss franc and nearly a 1-month high of 0.8774 against the euro, from early lows of 1.2869 and 0.8907, respectively.

Against the U.S. dollar and the yen, the pound advanced to 15-month highs of 1.3616 and 151.54 from early lows of 1.3381 and 146.61, respectively.

If the pound extends its uptrend, it is likely to find resistance around 1.32 against the franc, 0.85 against the euro, 1.37 against the greenback and 153.00 against the yen.