The British pound weakened against most major currencies in the Asian session on Wednesday.
The pound fell to nearly a 1-1/2-month low of 188.18 against the yen and an 8-day low of 1.4594 against the Swiss franc, from yesterday’s closing quotes of 189.36 and 1.4626, respectively.
Against the euro, the pound edged down to 0.7132 from yesterday’s closing value of 0.7119.
If the pound extends its downtrend, it is likely to find support around 183.00 against the yen, 1.43 against the franc and 0.72 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com