Pound Drops Against Majors
October 28 2016 - 1:41AM
RTTF2
The British pound weakened against the other major currencies in
the European session on Friday.
The pound fell to a 3-day low of 1.2124 against the U.S. dollar,
from an early high of 1.2188.
Against the euro and the Swiss franc, the pound dropped to 8-day
lows of 0.8994 and 1.2060 from early highs of 0.8945 and 1.2109,
respectively.
Against the yen, the pound edged down to 127.64 from an early
high of 128.28.
If the pound extends its downtrend, it is likely to find support
around 1.19 against the greenback, 0.92 against the euro, 1.18
against the franc and 125.00 against the yen.
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