The pound gained ground against its major rivals in early European deals on Friday.
The pound, which closed yesterday's trading at 1.5347 against the franc and 186.16 against the yen, approached a 5-week high of 1.5377 and a 1-week high of 187.23, respectively.
The pound strengthened to 0.7829 against the euro, its highest since November 12. This may be compared to an early low of 0.7850.
The pound reversed from an early low of 1.5649 against the greenback and rose to a 2-day high of 1.5681.
The pound may find resistance around 1.55 against the franc, 190.00 against the yen, 1.58 against the greenback and 0.775 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com