Pound Slides Against Majors
June 21 2017 - 1:51AM
RTTF2
The British pound weakened against other major currencies in the
European session on Wednesday.
The pound fell to more than a 2-month low of 1.2589 against the
U.S. dollar and a 6-day low of 139.85 against the yen, from early
highs of 1.2635 and 140.83, respectively.
Against the euro and the Swiss franc, the pound dropped to 8-day
lows of 0.8845 and 1.2266 from early highs of 0.8811 and 1.2319,
respectively.
If the pound extends its downtrend, it is likely to find support
around 1.24 against the greenback, 137.00 against the yen, 0.89
against the euro and 1.21 against the franc.
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