GBP’s Slide Lower Continues - Forex News by FX Leaders

GBP’s Slide Lower Continues

Posted Friday, May 17, 2019 by
Arslan Butt • 1 min read

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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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