- GBP/USD slips lower, and EUR/GBP advances, Brexit headlines push GBP one way then another.
- Makes trading the British Pound difficult, which continues to fall back after GBP/USD pushed above 1.35 on December 4.
- UK unemployment rose by less than forecast in October but macro data is having little impact on GBP/USD.
GBP/USD WILL CONTINUE TO BE BUFFETED BY BREXIT NEWS
GBP/USD, EUR/GBP will continue to be driven by Brexit headlines either suggesting that a Brexit trade deal is close or that the two sides remain far apart. on the key issues of fishing, the level playing field and governance.
GBP/USD continues its slide lower after hitting 1.3540 on December 4, pointing to further losses near-term.