Pound Slides Against Majors
November 07 2017 - 9:27PM
RTTF2
The pound dropped against its major counterparts in early
European deals on Wednesday. The pound slipped to 1.3139 against
the dollar and 1.3121 against the franc, from its early highs of
1.3176 and 1.3171, respectively. The pound fell to a 2-day low of
149.53 against the Japanese yen, reversing from an early high of
150.13. The U.K. currency hit a session's low of 0.8835 against the
euro, off its previous high of 0.8797. If the pound slides further,
it may find support around 1.30 against the greenback, 148.00
against the yen, 1.30 against the franc and 0.90 against the
euro.
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