LONDON (Alliance News) - The British pound extended its early weakness against most major currencies in the European session on Friday.
The pound fell to 1.4623 against the US dollar for the first time since June 2010, from an early high of 1.4724.
Against the yen, the pound depreciated to 175.90 for the first time since February 3, 2015. This may be compared to an early high of 177.52.
Moving away from an early high of 1.4383 against the Swiss franc, the pound dropped to a 2-day low of 1.4315.
If the pound extends its downtrend, it is likely to find support around 1.42 against the greenback, 174.50 against the yen and 1.40 against the Swiss franc.
