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News Alert: UK PM May says MPs do not Want UK to Leave EU – GBP Slips +50 Pips!

As per recent headlines. the UK PM May says that there are MPs that do not want UK to leave EU. But as far I am concerned, UK will leave in March 2019.

The GBP/USD is taking a sharp bearish turn and has fallen more than 60 pips to trade near $1.2770 on news. The pair may find support near $1.2725.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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