Sterling rose to its highest level against the U.S. dollar on
Monday, also boosted risk appetite the hope of finding a solution to the
financial crisis in America and optimism that Greece will soon receive
the next installment of the bailout plan ..
GBP / USD 1.5923 during U.S. morning trade, the highest price for the pair since the pair, Nov. 9; the pair subsequently consolidated at 1.5909, gaining 0.17%.
Cable was likely to find support at 1.5834, the lowest price on Friday, and resistance at 1.6018, the highest price since Nov. 9.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The weakness of the U.S. dollar also contributed to the gains. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.15% to trade at 81.14.
A separate report showed that the level of overdue loans in the Spanish banks rose to 10.7% recorded in September.
Investors awaited a meeting of the Eurogroup of eurozone finance ministers on Tuesday to discuss the receipt of Greece the next installment of financial aid.
The pound rose against the euro, with EUR / GBP shedding 0.37% to hit 0.8053.
Monday also said the National Association of Realtors said sales of existing homes in the United States rose by 2.1% to 4.79 million units, seasonally adjusted in October from September, revised version of the total 4.69 million.
Were reported existing home sales in the month of September at 4.75 million units.
Analysts had expected that existing home sales to rise to 4.75 million units in October.
GBP / USD 1.5923 during U.S. morning trade, the highest price for the pair since the pair, Nov. 9; the pair subsequently consolidated at 1.5909, gaining 0.17%.
Cable was likely to find support at 1.5834, the lowest price on Friday, and resistance at 1.6018, the highest price since Nov. 9.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The weakness of the U.S. dollar also contributed to the gains. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.15% to trade at 81.14.
A separate report showed that the level of overdue loans in the Spanish banks rose to 10.7% recorded in September.
Investors awaited a meeting of the Eurogroup of eurozone finance ministers on Tuesday to discuss the receipt of Greece the next installment of financial aid.
The pound rose against the euro, with EUR / GBP shedding 0.37% to hit 0.8053.
Monday also said the National Association of Realtors said sales of existing homes in the United States rose by 2.1% to 4.79 million units, seasonally adjusted in October from September, revised version of the total 4.69 million.
Were reported existing home sales in the month of September at 4.75 million units.
Analysts had expected that existing home sales to rise to 4.75 million units in October.
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