News Column

Pound Drops Against Most Majors

June 10, 2014

LONDON (Alliance News) - Reversing direction, the pound declined against most major currencies in early European deals on Tuesday.

The pound fell to a 5-day low of 171.78 against the yen, retreating from an early Asian session's high of 172.32.

The pound pulled back from early multi-day high of 1.5083 against the franc and declined to 1.5062.

Having climbed to 1.6816 against the greenback at 2:35 am ET, the pound reversed direction and eased to 1.6797.

On the downside, the pound may find support around 1.67 against the greenback, 1.50 against the franc and 171.00 against the yen.

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Source: Alliance News

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