Published by Zeb BhamThe pound climbed to a three-month high against the greenback earlier this morning (July 26th) as forex brokers responded to rallying stocks in Asia and a stronger euro.During early trade, the pound was approaching the $1.5500 mark, trading at its highest level since late April on positive sentiment following the European banking stress test results.But while the tests have generally been regarded positively, there are lingering concerns about their strictness.Mike Lenhoff, chief strategist at London-based Brewin Dolphin Securities, told Bloomberg that the announcement that the seven banks which failed the tests need to raise only €3.5 billion in capital collectively had caused some alarm."The amount of capital needed is much lower than the market expected. It seems quite trivial considering the concerns about losses from the sovereign crisis," he said.Looking ahead, it looks to be a relatively quiet week for forex brokers trading in the pound, although a statement from Mervyn King and the latest Nationwide house price index have the potential to influence trading heavily.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site.