Pound Drops Against Majors
05 October 2017 - 2:28PM
RTTF2
The British pound weakened against other major currencies in the
European session on Thursday.
The pound fell to 3-week lows of 1.3187 against the U.S. dollar,
1.2856 against the Swiss franc and 0.8924 against the euro, from
early highs of 1.3249, 1.2928 and 0.8872, respectively.
Against the yen, the pound dropped to nearly a 3-week lowof
148.56 from an early high of 149.46.
If the pound extends its downtrend, it is likely to find support
around 1.29 against the greenback, 1.26 against the franc, 0.90
against the euro and 145.00 against the yen.
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