News Column

Pound Weakens Against Majors

June 23, 2014



BRUSSELS (Alliance News) - The pound dropped against the other major currencies in European deals on Monday.

The pound slipped to a 4-day low of 173.18 against the yen from an early high of 173.81.

The pound reversed from early highs of 1.7048 against the greenback, 1.5259 against the franc and 0.7976 against the pound, falling to 1.7006, 1.5217 and 0.7993,respectively.

If the pound extends slide, it is likely to find support around 1.69 against the greenback, 1.51 against the franc, 0.806 against the euro and 172.5 against the yen.



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Source: Alliance News


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