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• India rupee, pound under pressure on dollar strength
• Euro, pound to remain higher on weak dollar index
• India Rupee to appreciate on weak dollar index, Yen under pressure
• Rupee, Euro to weigh down on dollar strength,Yen to jump

The Pound appreciated by 0.2 percent on Monday, taking cues from a weaker dollar. The currency touched an intra-day high of 1.5827 and closed its trading session at the level of 1.5766 yesterday.

UK’s Royal Institution of Chartered Surveyors (RICS) House Price Balance remained unchanged at -16 percent in January.

Outlook

The Pound is expected to trade lower today mainly taking cues from dollar strength along with rise in risk aversion in the markets.

Courtesy: Angel Broking

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