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 Pound Trades Above 1.63 Against Dollar

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PostSubject: Pound Trades Above 1.63 Against Dollar   Pound Trades Above 1.63 Against Dollar Icon_minitimeMon Apr 30, 2012 12:30 pm

Pound Trades Above 1.63 Against Dollar




The pound extended its rally against the dollar for the 11th consecutive day on Monday. Around 4:20 am ET, the cable broke past the key 1.63 level for the first time since August 31, 2011. The next likely upside target for the pair is seen around the 1.6340 level.
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