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Forex News: Pound Slides Against Majors

Pound Slides Against Majors

05/03/2017 - 02:37:00 (RTTNews)

(RTTNews) - Reversing direction, the pound slipped against its major counterparts in pre-European deals on Wednesday.

The pound eased to 1.2885 versus the dollar, from a 5-day high of 1.2948 hit at 9:15 pm ET.

The pound pared gains to 144.52 against the yen and 0.8476 versus the euro, from its early highs of 145.10 and 0.8443, respectively.

The pound slipped to a 6-day low of 1.2778 against the franc, off its early high of 1.2836.

The next possible support for the pound is seen around 1.26 against the greenback, 142.00 against the yen, 0.86 against the euro and 1.26 against the franc.

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