Sterling struggles to nurse wounds as political risk continues to bite

0
100
views
The return of domestic political turmoil in the United Kingdom has led to a flurry of selling momentum for the British Pound, which fell over 300 pips during the previous trading week. 

The selling momentum has returned once again in the early hours of Monday morning and the newsflow circulating around UK Prime Minister Theresa May needing to state her leaving date coupled with Labour Leader Jeremy Corbyn stating Brexit discussions have broken down makes it doubtful for buyers to be tempted back into the GBPUSD. 

Taking a look at the technical picture, the GBPUSD remains… Read More:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM