Sterling hits near six-month high against softer dollar

“There is technical resistance at $1.58, but UK importers, who are mainly buyers of dollars, are liking these levels,” Alex Lydall, senior sales trader, at Foenix Partners, a firm which manages hedging mandates for British corporates.

Alex Lydall quoted in Yahoo Finance, The Hindu Business Line, The Economic Times & London South East

— www.foenixpartners.com —