Pound Falls Against Majors
May 25 2017 - 2:05AM
RTTF2
The British pound weakened against the other major currencies in
the European session on Thursday.
The pound fell to 2-day lows of 0.8666 against the euro and
1.2592 against the Swiss franc, from early highs of 0.8636 and
1.2633, respectively.
Against the U.S. dollar, the pound dropped to 1.2950 from an
early 2-day high of 1.3014.
The pound edged down to 144.89 against the yen, from an early
8-day high of 145.43. This may be compared to an early 2-day low of
144.49.
If the pound extends its downtrend, it is likely to find support
around 0.88 against the euro, 1.24 against the franc, 1.27 against
the greenback and 141.00 against the yen.
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