News Column

Pound Extends Decline Against Majors

July 24, 2014



BRUSSELS (Alliance News) - The pound continued its decline against its major rivals in New York morning deals on Thursday.

The pound fell to a 6-day low of 0.7931 against the euro, 3-day low of 1.5321 against the franc and a 4-week low of 1.6973 against the greenback, retreating from its early highs of 0.7887, 1.5394 and 1.7052, respectively.

The pound eased to 172.71 against the yen, from an early high of 173.04.

The next possible downside target for the pound is seen around 1.69 against the greenback, 172.00 against the yen, 1.515 against the franc and 0.80 against the euro.



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Source: Alliance News


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