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Pound Slides Against Majors

The British pound weakened against other major currencies in the Asian session on Friday.

The pound fell to more than a 4-week low of 1.3087 against the U.S. dollar and a 3-week low of 147.67 against the yen, from yesterday's closing quotes of 1.3119 and 147.98, respectively.

Against the euro and the Swiss franc, the pound dropped to more than 3-week lows of 0.8943 and 1.2814 from yesterday's closing quotes of 0.8926 and 1.2833, respectively.

If the pound extends its downtrend, it is likely to find support around 1.29 against the greenback, 143.00 against the yen, 0.91 against the euro and 1.26 against the franc.

by RTTNews Staff Writer

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