(RTTNews) - During European trading on Wednesday, the pound slipped to a near 4-week low against the franc and a multi-week low against the euro. The pound showed downtrend against the yen and the U.S. dollar as well.
The pound slipped to a near 4-week low against its Swiss counterpart.. At 7:25 am ET, the pound fell to 1.6630 against the Swiss currency. The current quote for the pound-franc pair is 1.6646, down from yesterday's close of 1.6726.
Against the 16-nation currency, the pound declined to a multi-week low of 0.8821 at 7:20 am ET. As of now, the euro-pound pair is trading at 0.8819, compared to Tuesday's New York session close of 0.8781.
At 7:25 am ET, the pound slipped to 140.13 versus its Japanese rival. The pound-yen pair, which closed Tuesday's New York session at 141.07, is now worth 140.29.
The pound lost ground against the currency of the U.S. The pound touched a low of 1.5623 at 7:25 am ET versus the greenback. At present, the pound-greenback pair is trading at 1.5637, compared to Tuesday's New York session close of 1.5721.
The U.K. Industrial production report for December published at 4:30 am ET may have influenced the currency movement.
The U.S. trade balance report for the month of December is slated for release at 8:30 am ET.
