22.10.201806:55:00UTC+00Pound Slides Against Majors

The pound drifted lower against its major counterparts in the European session on Monday.

The pound fell to more than a 2-week low of 0.8835 against the euro, off its early high of 0.8804.

The pound dropped to 1.2988 against the franc and 1.3021 against the dollar, from its previous highs of 1.3035 and 1.3090, respectively.

Having climbed to a 4-day high of 147.58 against the yen at 2:40 am ET, the pound reversed direction and eased to 146.87.

If the pound weakens further, it may find support around 0.90 against the euro, 1.28 against the franc, 1.29 against the dollar and 145.00 against the yen.