This week we were looking for GBP to continue the sell-off as Theresa May continues to be criticised by parliament for her current draft agreement with the EU.
Despite the EU accepting the draft agreement, parliament will likely reject PM Mays plans which will cause further disruption to the GBP.
We only see downside to this market for now and looking to pair the GBP against stronger currencies such as the CHF.
Technically the market is in a downtrend and has re-tested resistance and the moving averages.
Targets come in at the support of 1.2640.
Despite the EU accepting the draft agreement, parliament will likely reject PM Mays plans which will cause further disruption to the GBP.
We only see downside to this market for now and looking to pair the GBP against stronger currencies such as the CHF.
Technically the market is in a downtrend and has re-tested resistance and the moving averages.
Targets come in at the support of 1.2640.