EconomicsGlobal
Short

$GBPUSD - British Pound Gets a Pounding

FX:GBPUSD   British Pound / U.S. Dollar
As patience grows thin on PM Theresa May's tenure and Brexit deal, global traders have put a beating on the British Pound, sending the $GBPUSD to fresh new lows for the year.

To add more fuel to the fire, on a technical level, prices remain firmly below the 10-Day EMA without any sign of a reversal.

With a political crisis looming, we see more downside for the $GBPUSD, with the currency pair trading as low as $GBPUSD 1.25 in a few weeks time
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