The British pound weakened against most major currencies in the Asian session on Monday.
The pound fell to a 2-1/2-month low of 0.7330 against the euro, from Friday’s closing value of 0.7247.
Against the Swiss franc and the yen, the pound dropped to near 1-1/2-month lows of 1.4694 and 189.32 from last week’s closing quotes of 0.4839 and 191.48, respectively.
If the pound extends its downtrend, it is likely to find support around 0.74 against the euro, 1.45 against the franc and 185.00 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com