The pound drifted lower against its major rivals in pre-European trading on Friday.

Reversing from an early high of 161.42 against the yen, the pound hit a 2-day low of 160.69.

The pound that closed yesterday's trading at 1.4668 against the dollar edged down to 1.4646.

The pound dropped to a 2-day low of 1.4494 versus the franc and a 3-day low of 0.7641 versus the euro, off its early highs of 1.4522 and 0.7621, respectively.

The pound is likely to find support around 158.00 against the yen, 1.45 against the greenback, 1.47 against the franc and 0.78 against the euro.

Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more Sterling vs CHF Charts.
Sterling vs CHF (FX:GBPCHF)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more Sterling vs CHF Charts.