Pound Slides Against Majors
01 August 2024 - 4:50AM
RTTF2
The British pound weakened against other major currencies in the
pre-European session on Thursday.
The pound fell to nearly a 1-1/2-month low of 1.1231 against the
Swiss franc, more than a 3-week low of 1.2803 against the U.S.
dollar and nearly a 3-1/2-month low of 190.97 against the yen, from
early highs of 1.1288, 1.2861 and 193.25, respectively.
Against the euro, the pound edged down to 0.8442 from an early
high of 0.8421.
If the pound extends its downtrend, it is likely to find support
around 1.11 against the franc, 1.27 against the greenback, 188.00
against the yen and 0.85 against the euro.
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