Pound Falls Against Majors
08 February 2016 - 3:47PM
RTTF2
The British pound weakened against the other major currencies in
the early European session on Monday.
The pound fell to 0.7711 against the euro and 169.52 against the
yen, from early 4-day highs of 0.7661 and 170.63, respectively.
Against the U.S. dollar and the Swiss franc, the pound dropped
to 1.4484 and 1.4378 from early highs of 1.4547 and 1.4449,
respectively.
If the pound extends its downtrend, it is likely to find support
around 0.78 against the euro, 164.00 against the yen, 1.42 against
the greenback and 1.41 against the franc.
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