Pound Weakens Against Majors
July 25 2016 - 4:59AM
RTTF2
Reversing direction, the pound dropped against the other major
currencies in European deals on Monday.
The pound edged down to 1.3100 against the dollar, 1.2921 versus
the franc, 0.8383 against the euro and 138.99 versus the yen, from
its early highs of 1.3164, 1.3003, 0.8337 and 140.12,
respectively.
If the pound declines further, it may find support around 1.30
against the greenback, 1.28 against the franc, 0.85 against the
euro and 138.00 against the yen.
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