Pound Extends Drop Against Majors
July 18 2017 - 12:47AM
RTTF2
The British pound continued to be weak against other major
currencies in the early European session on Tuesday.
The pound fell to a 4-day low of 1.3019 against the U.S. dollar,
from an early 10-month high of 1.3125.
The pound dropped to a 4-day low of 146.18 against the yen, from
an early high of 147.32.
Against the euro and the Swiss franc, the pound slipped to 5-day
lows of 0.8849 and 1.2465 from early highs of 0.8781 and 1.2582,
respectively.
If the pound extends its downtrend, it is likely to find support
around 1.28 against the greenback, 142.00 against the yen, 0.89
against the euro and 1.23 against the franc.
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