Pound Retreats Against Majors
26 May 2016 - 3:13PM
RTTF2
The British pound retreated from early highs against the other
major currencies in the early European session on Thursday.
The pound fell to 1.4554 against the Swiss franc and 1.4677
against the U.S. dollar, from an early near 4-month high of 1.4613
and more than a 3-week high of 1.4739, respectively.
Against the euro and the yen, the pound edged down to 0.7614 and
161.40 from early highs of 0.7579 and 162.18, respectively.
If the pound extends its downtrend, it is likely to find support
around 1.39 against the franc, 1.42 against the greenback, 0.80
against the euro and 154.00 against the yen.
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