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Forex News: Pound Declines Against Majors

Pound Declines Against Majors

05/02/2017 - 03:17:00 (RTTNews)

(RTTNews) - The pound drifted lower against its major counterparts in early European deals on Tuesday.

The pound dropped to a 4-day low of 1.2797 versus the franc, 5-day lows of 1.2867 against the dollar and 0.8484 against the euro, from its early highs of 1.2854, 1.2909 and 0.8452, respectively.

The pound pared gains to 144.23 against the yen, from a high of 144.61 hit at 2:00 am ET.

The pound is likely to find support around 143.00 against the yen, 1.26 against the greenback, 1.25 against the franc and 0.86 against the euro.

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