Pound Falls Against Majors
(RTTNews) - The British pound weakened against other major currencies in the European session on Tuesday.
The pound fell to a 4-day low of 0.8616 against the euro, from an early 1-week high of 0.8587.
Against the U.S. dollar, the pound slid to a 4-day low of 1.2509 from an early high of 1.2564.
Against the yen and the Swiss franc, the pound edged down to 195.73 and 1.1362 from an early 2-week high of 196.62 and nearly a 2-week high of 1.1414, respectively.
If the pound extends its downtrend, it is likely to find support around 0.87 against the euro, 1.23 against the greenback, 190.00 against the yen and 1.11against the franc.
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