Pound Falls Against Majors
May 09 2024 - 3:52AM
RTTF2
The British pound weakened against other major currencies in the
late European session on Thursday.
The pound fell to more than a 2-week low of 1.2446 against the
U.S. dollar, from an early high of 1.2502.
Against the euro and the Swiss franc, the pound dropped to more
than 2-week lows of 0.8620 and 1.1320 from an early 2-day highs of
0.8591 and 1.1367, respectively.
The pound edged down to 194.06 against the yen, from an early
1-week high of 194.87.
If the pound extends its downtrend, it is likely to find support
around 1.23 against the greenback, 0.87 against the euro, 1.12
against the franc and 190.00 against the yen.
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