Pound Weakens Against Majors
09 August 2017 - 10:57AM
RTTF2
The pound slipped against its key counterparts in the European
session on Wednesday.
The pound dropped to a 1-1/2-month low of 142.28 versus the
Japanese yen and near a 2-week low of 1.2483 versus the Swiss
franc, from its early highs of 143.37 and 1.2656, respectively.
The pound retreated to 1.2980 against the greenback and 0.9041
versus the euro, from its early high of 1.3028 and a 5-day high of
0.9011, respectively.
The pound is likely to find support around 140.00 against the
yen, 1.20 against the franc, 1.27 against the greenback and 0.92
against the euro.
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