Pound Declines Against Majors
December 22 2014 - 6:59AM
RTTF2
The pound drifted lower against its major rivals in European
deals on Monday.
The pound hit 4-day lows of 1.5308 against the franc, 0.7858
against the euro and 1.5597 against the dollar, down from early
highs of 1.5384, 0.7816 and 1.5664, respectively.
The pound reversed from an early 11-day high of 187.53 against
the yen, easing back to 186.82.
The next possible downside target for the pound is seen around
1.525 against the franc, 186.00 against the yen, 0.80 against the
euro and 1.55 against the greenback.
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