Pound Off Highs Against Majors
March 02 2015 - 8:24AM
RTTF2
The pound gave up its early gains against its key counterparts
in European deals on Monday.
The pound slipped to a weekly low of 1.5379 against the
greenback and a 4-day low of 0.7299 against the euro, off early
high of 1.5428 and more than a 7-year high of 0.7238,
respectively.
The pound retraced gains from an early high of 184.91 against
the yen and a 4-day high of 1.4758 against the franc and was
trading at 184.15 and 1.4690, respectively.
The pound is likely to find support around 1.53 against the
greenback, 182.00 against the yen, 1.45 against the franc and 0.75
against the euro.
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