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2024.04.2309:11:00UTC+00Pound Rises Against Majors

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

The pound rose to a 4-day high of 191.82 against the yen, from an early low of 190.83.

Against the Swiss franc, the U.S. dollar and the euro, the pound edged up to 1.1286, 1.2389 and 0.8622 from early lows of 1.1252, 1.2330 and 0.8645, respectively.

If the pound extends its uptrend, it is likely to find resistance around 194.00 against the yen, 1.15 against the franc, 1.27 against the greenback and 0.84 against the euro.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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