Pound Falls Against Majors

The British pound weakened against the other major currencies in the Asian session on Friday. The pound fell to a 2-day low of 186.45 against the yen, from yesterday's closing value of 186.71. Against the U.S. dollar and the Swiss franc, the pound dropped to 1.5208 and 1.5230 from yesterday's closing quotes of 1.5231 and 1.5221, respectively. The pound edged down to 0.7097 against the euro, from an early high of 0.7087. If the pound extends its downtrend, it is likely to find support around 184.00 against the yen, 1.50 against the greenback, 1.50 against the franc and 0.72 against the euro.


News are provided by InstaForex