Pound Slides Against Majors

RTTNews | 1h 11min ago
Pound Slides Against Majors

(RTTNews) - The British pound weakened against other major currencies in the European session on Wednesday.

The pound fell to 0.8569 against the euro, 1.3476 against the U.S. dollar and 1.1027 against the Swiss franc, from early highs of 0.8558, 1.3481 and 1.1045, respectively.

Against the yen, the pound edged down to 208.78 from an early 9-day high of 209.48.

If the pound extends its downtrend, it is likely to find support around 0.56 against the euro, 1.33 against the greenback, 1.09 against the franc and 206.00 against the yen.

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