Pound Drops Against Majors
11 August 2017 - 3:03PM
RTTF2
The British pound weakened against other major currencies in the
early European session on Friday.
The pound fell to nearly a 2-month high of 141.26 against the
yen and more than a 2-week high of 1.2452 against the Swiss franc,
from early highs of 141.87 and 1.2501, respectively.
Against the euro and the U.S. dollar, the pound dropped to
0.9069 and 1.2968, from early highs of 0.9051 and 1.2999,
respectively.
If the pound extends its downtrend, it is likely to find support
around 139.00 against the yen, 1.22 against the franc, 0.91 against
the euro and 1.27 against the greenback.
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