The GBPUSD pair has now slipped to a low of 1.2667 on the session, its new four-months low and closes in on support from the swing area around 1.2665-75. In any case, a daily close underneath remarkable support around 1.2698 ought to be sufficient to reaffirm the downtrend we’ve been seeing in the course of recent weeks.

Further support is seen around 1.2625-35 levels before light bids around 1.26. Actually, we could see a fall back towards the December and January lows and the 1.25 handle if things proceed down this way.

The GBP boosted overnight on expectations that May’s arrangement will urge enough to change the minds of lawmakers, and she even incorporated the potential for a second referendum. Nonetheless, there’s even discusses of her conceivably being ousted on Sunday.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.