Pound Recovers Against Majors
May 23 2016 - 1:06AM
RTTF2
The British pound recovered from early lows against the other
major currencies in the early European session on Monday.
The pound rose to 1.4549 against the U.S. dollar and 159.49
against the yen, from early 5-day lows of 1.4483 and 158.49,
respectively.
Against the euro and the Swiss franc, the pound edged up to
0.7706 and 1.4418 from early 5-day lows of 0.7754 and 1.4329,
respectively.
If the pound extends its downtrend, it is likely to find support
around 1.47 against the greenback, 155.00 against the yen, 0.75
against the euro and 1.45 against the franc.
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