GBP’s Slide Lower Continues

GBP/USD has been falling as cross-party talks have failed to make progress on the Brexit deal.


We’ve been covering updates about how GBP/USD has been falling as cross-party talks have failed to make progress on the Brexit deal.

We continue to track the downfall in this forex pair. At the time of writing, it is trading at 1.2760, having slipped lower again.

The latest we’re hearing is that leader of opposition Jeremy Corbyn has addressed the media earlier today and stated that talks with the Conservatives cannot go on any further. He has also declared that the Labour Party will oppose PM May’s Brexit deal once again when it comes up for voting in the UK Parliament.

Looks like the slide in the GBP/USD is set to continue as we fail to hear anything more optimistic from the UK on Brexit.

ABOUT THE AUTHOR See More
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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