The pound dropped against other major currencies

The pound weakened against its major rivals in early European deals on Wednesday. The pound fell to almost a year low of 0.9196 against the Euro and near a 2-month low of 1.2799 against the greenback, against its earlier maximum values of 0.9161 and 1.2834, respectively. The pound fell to a level 1.2395 against the franc and against 140.11 yen relative to their maximum values early 1.2429 and 140.79 respectively. The next possible support for the pound can be found in the field 138.00 against the yen, 1.23 against the franc, 1.27 against the greenback and 0.93 against the Euro.

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