News Column

Pound Extends Slide Against Majors

June 27, 2014



BRUSSELS (Alliance News) - The pound extended decline against its key counterparts in New York deals on Friday.

The pound fell to 0.8015 against the euro and 1.5161 against the franc, reversing from early highs of 0.7985 and 1.5218,respectively.

The pound eased from early 4-day high of 1.7051 against the greenback, falling to 1.7006.

The pound hit 172.46 against the yen, its lowest since June 13.

On the downside, the pound is likely to face support around 1.695 against the greenback, 172.00 against the yen, 1.51 against the franc and 0.81 against the euro.



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Source: Alliance News


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