British currency, the pound weakened against its major counterparts Friday despite a rally in U.K. stocks.
The pound tumbled to a new multi-week low against the yen, 4-day low against the franc and an 8-day low against the dollar and the euro.
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The pound fell to an 8-day low of 1.6572. The next downside target level for the pound-dollar pair is seen at 1.652.
During early deals on Friday, the pound declined to a 4-day low of 1.6837 against the Swiss franc and an 8-day low of 0.8991 against the euro.
If the U.K. currency weakens further, it may target 1.682 against the franc and 0.906 against the euro. The euro-pound and the pound-franc pairs were worth 0.8956 and 1.6892, respectively at yesterday's close.
The pound slipped to a new multi-week low of 147.31 against the yen in early deals on Friday. On the downside, 146.4 is seen as the next target level for the U.K. currency. At yesterday's close, the pound-yen pair was quoted at 148.40.
