RTTN:Pound Slides To New Multi-month Low Against Franc, 2-day Low Against Dollar
Extending its 5-day losing streak, the pound reached 1.4689 against the Swiss franc around 2:30 am ET Wednesday, its weakest level since May 2012. The pound-franc pair is now hanging in the 1.47 area with 1.4660 seen as the next likely support level.
The sterling also slipped to a 2-day low of 1.5811 against the dollar around this time. The cable is now trading just a few pips short of Monday's fresh multi-month low of 1.5808 with 1.5790 seen as the next likely downside target level in the near-term.
