Pound Drops Against Most Majors
09 February 2016 - 8:47AM
RTTF2
The British pound weakened against most major currencies in the
Asian session on Tuesday.
The pound fell to a 1-year low of 0.7783 against the euro, from
yesterday's closing value of 0.7755.
Against the Swiss franc and the yen, the pound dropped to near
3-week lows of 1.4189 and 165.07 from yesterday's closing quotes of
1.4240 and 167.16, respectively.
If the pound extends its downtrend, it is likely to find support
around 0.79 against the euro, 1.40 against the franc and 163.00
against the yen.
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