News Column

Pound Slides Against Majors

June 27, 2014

BRUSSELS (Alliance News) - The British currency weakened against the other major currencies in the early European session on Friday.

The pound fell to a 2-week low of 172.55 against the yen, from an early high of 173.17.

Against the Swiss franc and the euro, the pound slipped to 0.8004 and 1.5186 from yesterday's closing quotes of 0.7985 and 1.5215, respectively.

Moving away from an early multi-day high of 1.7050 against the US dollar, the pound dropped to 1.7019.

If the pound extends its downtrend, it is likely to find support around 0.81 against the euro, 1.69 against the greenback, 1.50 against the Swiss franc and 171.11 against the against the yen.

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Source: Alliance News

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