2020.04.1313:09:00UTC+00Pound Retreats Versus Most Majors

The pound pulled back from its early highs against its most major counterparts in the European session on Monday.

The pound eased to 1.2475 against the greenback, from near a 5-week high of 1.2537 hit at 3:15 am ET.

The pound retreated to 1.2057 against the franc, reversing from a 4-day high of 1.2091 seen at 4:45 am ET. This may be compared to a session's low of 1.2019 logged in the Asian session.

The pound fell back to 134.65 against the yen, heading to pierce a 5-day low of 134.51 recorded in the Asian session. This may be compared to a high of 135.22 set at 6:00 pm ET.

The pound is seen facing support around 1.23 against the greenback, 1.175 against the franc and 132.00 against the yen.