Pound Off Lows Against Majors
17 October 2019 - 04:20PM
RTTF2
The pound came off from its early lows against its major
opponents in the European session on Thursday.
The early fall was due to the DUP's rejection of the Brexit deal
being negotiated with the European Union.
The pound recovered to 1.2833 against the greenback and 139.69
against the yen, from its early lows of 1.2749 and 138.62,
respectively.
Against the franc and the euro, the pound bounced off to 1.2741
and 0.8642, off its early lows of 1.2667 and 0.8682,
respectively.
The pound is seen finding resistance around 0.845 against the
euro, 146.00 against the yen, 1.30 against both the franc and the
greenback.
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