Wednesday, February 22, 2012

The pound declined against the euro and the Swiss currency in early European trading on Wednesday.

The pound declined against the euro and the Swiss currency in early European trading on Wednesday.

The pound that closed yesterday's deals at 0.8390 against the euro and 1.4400 against the franc fell to a 12-day low of 0.8408 and a new multi-week low of 1.4370, respectively. On the downside, the pound may target 0.85 against the euro and 1.42 against the franc.

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