The British pound weakened against the other major currencies in the early European session on Wednesday.
The pound fell to 1.5084 against the U.S. dollar and 184.51 against the yen, from early highs of 1.5110 and 184.89, respectively.
Against the euro and the Swiss franc, the pound dropped to 0.7079 and 1.5308 from early highs of 0.7051 and 1.5355, respectively.
If the pound extends its downtrend, it is likely to find support around 1.49 against the greenback, 181.00 against the yen, 0.71 against the euro and 1.51 against the franc.
The material has been provided by InstaForex Company – www.instaforex.com