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Reuters reports sterling "hovered near a key resistance level" during this morning's trade (August 9th), flat on the day at $1.5955 just before 11:30 BST.
It had reached $1.5998 earlier on, while the single European currency slipped 0.1 per cent to 83.12p.
Elsa Lignos, a currency strategist at Royal Bank of Canada, commented: "There is still scope for some investors to go long on sterling," adding experts forecast the pound's strength will see the Euro fall in the coming months.
A Forex training course could help individuals predict such trends and make the most of them to earn extra money through speculation.
Worse-than-expected non-farm payrolls data from the US helped the pound maintain its good showing on Friday, as figures revealed more than twice as many jobs were lost in July as economists had predicted.
Posted by Sara Secker
