GBPUSD about to head South Amidst BREXIT Fears?

[csc2009]

Theresa May under pressure to leave EU with no deal. Pound is consolidating in the negative territory just above 1.31 level, showing no clear directional strength for now.

 

[fxstrategist]

The GBPUSD drops more than 200 pips after the BOE rate hike and the pair may continue falling to the 200 day EMA around the 1.3000 level.

 

[csc2009]

Brexit negotiations have seen no progress so far, uncertainty of the future Brexit talks will remain pressure on Pound. Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength short term.

 

[csc2009]

Gbp/Usd reacted on the news that 40 members of the PM's Conservative party signing a letter of no confidence in Theresa May's leadership, opened the week with bearish gap and drop to around 1.3120 level. I'm expecting further decline on Pound.

 

[csc2009]

Gbp/Usd continue ranging between 1.302 and 1.325 with limited upward strength. The market continue to focus on Brexit.

 

[csc2009]

The uncertainty with Brexit negotiations continue affect Pound, support level can be found around 1.3420, break below will deeper the bearish correction movement.

 

[izzy_63]

Brexit talks are finally getting somewhere, getting a deal, but it does not guarantee a trade deal for March 2019. Pound short term turned to the downside.

 

[izzy_63]

Disappointment over Brexit negotiations' progress and now things will require the approval of the UK Parliament are bringing Pound down. Further decline might be expected.

 

[izzy_63]

Despite Brexit is making limit progress, Gbp/Usd remains in the positive territory, but short term the pair is showing no clear directional strength.

 

[izzy_63]

No major Brexit concerns, for now, Pound focus on BOE expect to increase rates this year.