Pound Declines To 8-day Low Against Euro

In early deals on Friday, the British currency weakened against the euro. The euro-pound pair that closed yesterday's trading at 0.7935 is now worth 0.7957. This set an 8-day low for the UK currency.

If the pound falls further, it may test support around the 0.803 level. Investors now look forward to the Euro-zone June current account, industrial new orders and the UK Q2 GDP reports, which are expected to drive deals in the upcoming hours. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved