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Name | Symbol | Market | Type |
---|---|---|---|
Pound Sterling vs United States Dollar | FX:GBPUSD | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0001 | -0.01% | 1.2548 | 1.2547 | 1.2549 | 1.25995 | 1.2548 | 1.2549 | 0 | 05:10:44 |
The British pound strengthened against most major currencies in the early European session on Monday, after data showed that the British manufacturing activity was the strongest in seven months during February.
Data from Markit economics showed that the seasonally adjusted Markit/CIPS Purchasing Manager's Index for the manufacturing sector climbed to 54.1 in February. Economists had forecast a score of 53.3. January's reading was revised up to 53.1 from 53.
The pound rose to a 4-day high of 1.4753 against the Swiss franc, from an early low of 1.4680.
Against the U.S. dollar and the yen, the pound edged up to 1.5428 and 184.90 from early lows of 1.5384 and 184.36, respectively.
If the pound extends its uptrend, it is likely to find resistance around 1.56 against the Swiss franc, 1.58 against the U.S. dollar and 188.06 against the yen.
1 Year Sterling vs US Dollar Chart |
1 Month Sterling vs US Dollar Chart |
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