The British pound strengthened against most major currencies in the early European session on Wednesday.
The pound rose to more than 1-1/2-month highs of 0.7804 against the euro and 1.5408 against the Swiss franc, from early lows of 0.7816 and 1.5375, respectively.
Against the U.S. dollar, the pound edged up to 1.5571 from an early low of 1.5548. This may be compared to an early 2-day high of 1.5575.
If the pound extends its uptrend, it is likely to find resistance around 0.77 against the euro, 1.55 against the Swiss franc and 1.56 against the greenback.
The material has been provided by InstaForex Company – www.instaforex.com