Pound Falls Against Majors
February 04 2016 - 9:51PM
RTTF2
The British pound weakened against the other major currencies in
the pre-European session on Friday.
The pound fell to more than a 2-week low of 0.7712 against the
euro, from an early high of 0.7677.
Against the Swiss franc, the yen and the U.S. dollar, the pound
dropped to a 9-day low of 1.4429, an 8-day low of 169.49 and a
2-day low of 1.4513 from early highs of 1.4490, 170.53 and 1.4591,
respectively.
If the pound extends its downtrend, it is likely to find support
around 0.78 against the euro, 1.42 against the franc, 164.00
against the yen and 1.42 against the greenback.
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