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Forex News: Pound Falls Against Majors

Pound Falls Against Majors

03/31/2017 - 04:14:00 (RTTNews)

(RTTNews) - The British pound weakened against the other major currencies in the early European session on Friday.

The pound fell to 139.19 against the yen, 1.2455 against the Swiss franc and 0.8584 against the euro, from an early 10-day high of 140.09, nearly a 5-week high of 1.2510 and a 1-month high of 0.8544, respectively.

Against the U.S. dollar, the pound edged down to 1.2445 from an early high of 1.2506.

If the pound extends its downtrend, it is likely to find support around 137.00 against the yen, 1.22 against the franc, 0.88 against the euro and 1.22 against the greenback.

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