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2011.01.1805:51:00UTC+00Pound Rises To More Than 5-week High Against Franc

The pound that declined against the Swiss franc in Asian deals on Tuesday rebounded during early European session. As of now, the pound-franc pair is trading at more than a 5-week high of 1.5410, compared to a 4-day low of 1.5251 hit at 2:30 am ET. On the upside, 1.560 is seen as the next target level for the UK currency. The pair was worth 1.5331 at yesterday's close.

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