020 7898 0500It has been a year since the UK Brexit referendum which left shockwaves across the globe. Today, the UK government is governing with a minority government and because of this, the GBP and USD pairing has been fluctuating pretty wildly over the past 365 days.
Despite positive unemployment claims from the US and the uncertainty around Brexit, the pair held strong and traded within a range bound above 1.2610 for the most part of today.
In other news, the EUR and USD pairing broke below 1.1150, hitting a fresh daily low. The pair are now hovering below 1.1150, consolidating losses.
It’s going to be a relatively quiet day for data releases from the US, and it is likely most investors will be keen to see if the GBP and USD pairing remains above 1.2600 after a sell-off Friday.
