Investing.com – The pound jumped against the U.S. dollar and yen on Monday, as investors' risk appetite sharpened after euro zone leaders agreed upon a financial safety net for debt-stricken Greece last week.
GBP/USD rose to 1.4977 during early European trade, gaining 0.53%. Cable was likely to find resistance at 1.5382, the high of March 17, and support at 1.4781, the low of March 1.
Later in the day, the Bank of England was set to publish monthly data on net lending to individuals and on final mortgage approvals.
Also Monday, the central bank's chief economist, Spencer Dale, was set to speak at a panel discussion in London. Traders will scrutinize his comments for clues to future shifts in monetary policy.
Meanwhile, GBP/JPY rose to 138.8, advancing 0.69%.
Last week, euro zone nations and International Monetary Fund pledged to help Greece finance the region’s biggest budget deficit if it runs out of options in capital markets.
GBP/USD rose to 1.4977 during early European trade, gaining 0.53%. Cable was likely to find resistance at 1.5382, the high of March 17, and support at 1.4781, the low of March 1.
Later in the day, the Bank of England was set to publish monthly data on net lending to individuals and on final mortgage approvals.
Also Monday, the central bank's chief economist, Spencer Dale, was set to speak at a panel discussion in London. Traders will scrutinize his comments for clues to future shifts in monetary policy.
Meanwhile, GBP/JPY rose to 138.8, advancing 0.69%.
Last week, euro zone nations and International Monetary Fund pledged to help Greece finance the region’s biggest budget deficit if it runs out of options in capital markets.