(RTTNews) - The pound fell against most major counterparts in early New York deals on Monday as traders sold the currency on Eurozone debt fears.
The pound fell to a fresh 4-month low against the yen, 12-day low against the franc and more than a 5-month low against the dollar.
The pound reached a new 4-month low of 127.81 against the yen and the next downside target level for the pound is seen at 127.00. The pair is now worth 128.04, compared to Friday's close of 129.40.
The British pound hit more than a 5-month low of 1.5891 against the U.S. dollar during the early New York session. The pair that ended Friday's deals at 1.6048 is now worth 1.5914. On the downside, the pound may target 1.58 level.
Against the franc, the pound fell to a 12-day low of 1.3281, compared to Friday's close of 1.3436. The pound is now trading at 1.3290 versus the franc with 1.327 seen as the next downside target level.
