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2016.07.2805:44:00UTC+00Pound Drops Against Most Majors

The pound weakened against most major counterparts in European trading on Thursday.

Easing from an early 6-day high of 1.3248 against the dollar, the pound edged down to 1.3160.

The pound slid to a 2-week low of 0.8437 against the euro and a 2-day low of 1.2945 against the franc, off its early highs of 0.8358 and 1.3049, respectively.

The pound is likely to locate support around 1.30 against the dollar, 1.27 against the franc and 0.86 against the euro.

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