Pound Falls Against Majors
(RTTNews) - The British pound weakened against other major currencies in the European session on Wednesday.
The pound fell to nearly a 2-week low of 0.8354 against the euro, from an early high of 0.8314.
Moving away from an early 9-day high of 1.3027 against the U.S. dollar, the pound dropped to 1.2695.
Against the Swiss franc and the yen, the pound edged down to 1.1243 and 198.27 from early highs of 1.1291 and 199.58, respectively.
If the pound extends its downtrend, it is likely to find support around 0.84 against the euro, 1.28 against the greenback, 1.11 against the franc and 194.00 against the yen.
read more
Pound Rises As Traders Expect BoE Slow Policy-easing Path
The British pound strengthened against other major currencies in the European session on Monday, as traders anticipate that the Bank of England (BoE) would slow down its policy-easing process in the upcoming month, particularly in light of data that was made public last week that indicated the UK inflation accelerated and once again exceeded the 2 percent target.
RTTNews
|
13h 26minuter sedan
U.S. Dollar Falls Amid Risk Appetite
The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
RTTNews
|
16h 57minuter sedan
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Monday.
RTTNews
|
17h 39minuter sedan
Swiss Franc Declines Against Majors
The Swiss franc dropped against its major counterparts in the New York session on Friday.
RTTNews
|
3 dagar sedan
Euro Falls As Weak Eurozone PMI Triggers ECB Rate Cut Bets
The euro weakened against other major currencies in the European session on Friday, as traders bet a possibility of an interest-rate cut by the European Central Bank (ECB) after data from Germany and the Eurozone showed that the business activity in the private sector contracted in November.
RTTNews
|
3 dagar sedan
Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Friday.
RTTNews
|
3 dagar sedan
Pound Slides On Weak U.K. Retail Sales, Flash PMI Reports
The British pound weakened against other major currencies in the European session on Friday, as weak U.K. retail sales for October and PMI data for November triggered expectations among traders for interest-rate cuts by the Bank of England (BoE) in the December meeting.
RTTNews
|
3 dagar sedan
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday.
RTTNews
|
3 dagar sedan
