Market Commentary and Intraday News
Pound Slides To Fresh 3-month Low Against Swiss Franc
227 days ago
(RTTNews) - The pound dropped below the key 1.50 level against the Swiss franc for the second consecutive trading day on Monday, falling as low as 1.4994 around 6:00 am ET, its weakest level since July 5.
British sterling's mid-September rally against the Swiss franc was a correction in a downtrend that began in late July. Key levels to watch for the cross on the downside are 1.4960, 1.4920, 1.4850 and 1.4730.
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