British Currency Strong Against Euro And Buck, Choppy Against Yen, Tuesday, June 19, 2007 2:30:42 PM

The pound saw strength against the euro and pound in trading on Tuesday afternoon in New York, while seeing choppy movement against the yen. The currency moved with little economic news from the area.

In trading against the euro on Tuesday, the pound saw strength. The currency advanced in the early hours, and continued to remain strong into the afternoon. At 2:15PM EST, the currency was pushing forward at 0.6751. Overall, the sterling is at a weekly high.

Versus the dollar, the pound saw strength in trading on Tuesday. By the mid afternoon action, the British currency had advanced to a mark of 1.9878. In general, the British currency is at a two week high against its American counterpart.

The British currency was choppy against the Japanese yen in trading on Tuesday. As action moved into the mid afternoon, the sterling bounced between a high of 245.49 and a low of 245.09. On the whole, the British pound is at a multi-year high against the yen.

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