Pound Retreats Against Majors
November 28 2019 - 4:03AM
RTTF2
The pound erased its early gains against its major opponents in
the European session on Thursday.
The pound retreated to 1.2883 against the franc and 141.25
against the yen, from its early more than 6-month highs of 1.2940
and 141.86, respectively.
The pound pulled back to 0.8530 against the euro and 1.2900
against the greenback, off its early 6-1/2-month high of 0.8499 and
a 1-week high of 1.2950, respectively.
The next possible support for the pound is seen around 1.27
against the greenback, 0.88 against the euro, 1.26 against the
franc and 138.00 against the yen.
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