Pound advances against the Dollar with limited gains

Note: This section contains information in English only.
Source: Investing.com
On Monday the UK Pound gained versus the US Dollar, but with limited gains due to investors who are locking-in profits. GBP/USD hit a high of 1.5234, afterwards settling at 1.5177, having gained 0.18% in total. The Sterling experienced hard pressure last week amid UK consumer inflation rate weakening to 0.5%, while the Greenback received a support after the SNB removed its three-year old exchange rate cap on the Euro. As a result, the Pound also weakened versus the Euro, with EUR/GBP adding 0.35% to 0.7661.
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Mon, 19 Jan 2015 14:39:04 GMT

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