Pound Slides Against Majors
2025-01-07
2244
(fxcue news) - The British pound weakened against other major currencies in the European session on Monday.
The pound fell to more than a 1-year low of 1.2123 against the U.S. dollar and nearly a 2-month low of 1.1109 against the Swiss franc, from early highs of 1.2208 and 1.1194, respectively.
Against the yen and the euro, the pound slipped to more than a 1-month low of 190.81 and nearly a 1-1/2-month low of 0.8425 from early highs of 192.76 and 0.8416, respectively.
If the pound extends its downtrend, it is likely to find support around 1.20 against the greenback, 1.10 against the franc, 187.00 against the yen and 0.85 against the euro.
Sign In via X
Google
Sign In via Google
This page link:http://www.fxcue.com/348385.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights