The GBP/USD Falls 2.11% in Two Days

Mark O'Donnell
- Research Analyst -
July 31, 2019
Trading Opportunities

The EU are unimpressed with Boris Johnson’s take on his Halloween Hard Brexit deadline, as they look to summon a No-Deal forum on the 15th October to discuss issues at hand.

The Pound has fallen a near 250 points in two trading sessions, a rare feat in the FX Markets post a new incumbent Prime Minister. However, concerns continue to grow around the UK being forced out of the EU without any sort of Deal, causing massive uncertainty among investors who are selling the Pound in sound procession.

Should the market fall below the 1.21 handle, it puts the lows of Jan 2017 in play around the 1.19 mark; see image below:

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