Pound Slides Against Majors
May 26 2016 - 11:08PM
RTTF2
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.
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