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Pound Drops Against Most Majors

16:47, 8th February 2016

(RTTNews) - The British pound weakened against most major currencies in the Asian session on Tuesday.

The pound fell to a 1-year low of 0.7783 against the euro, from yesterday's closing value of 0.7755.

Against the Swiss franc and the yen, the pound dropped to near 3-week lows of 1.4189 and 165.07 from yesterday's closing quotes of 1.4240 and 167.16, respectively.

If the pound extends its downtrend, it is likely to find support around 0.79 against the euro, 1.40 against the franc and 163.00 against the yen.

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