Pound Weakens Against Majors
February 10 2016 - 10:29PM
RTTF2
Reversing direction, the pound fell against its major rivals in
early European deals on Thursday.
The pound dropped to 1.4448 against the greenback, coming off
from its prior high of 1.4564.
The pound fell to 2-day lows of 1.4008 against the franc and
0.7833 against the euro, from its early highs of 1.4159 and
0.7754,respectively.
The pound weakened to 161.69 versus yen, its lowest since
October 2013, off its previous high of 165.04.
The pound is likely to find support around 1.43 against the
greenback, 1.38 against the franc, 0.80 against the euro and 160.00
against the yen.
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