Pound At New 4-1/2-month High Versus U.S. Dollar
During the early European session on Tuesday, the pound spiked up to a fresh 4-1/2-month high of 1.5997 against the U.S. dollar at 4:20 am ET. The pound is now trading at 1.5989 per dollar with 1.61 seen as the next upside target level. The pair ended Monday's deals at 1.5973.
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