GBPUSD tumbles to a low of 1.3025

The GBP is making a speedy outing lower on the day and is set out toward a test of the key 1.30 psychological mark now subsequent to breaking beneath overnight lows. It’s all about the Brexit vote later. Also market participants  await UK macro data – the release of final GDP print.

In the mean time, the most recent leg of an abrupt fall over the previous hour or so came after the Northern Irish DUP’s lawmaker, Wilson, emphasized that the party will cast a ballot against May’s withdrawal agreement and rumours of a possible DUP announcement later this afternoon.

What’s going on now is essentially markets are estimating in the way that the vote will fail, so think about that when the fact plays out later on.

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.