Read more
1:31 PM · 8 October 2019

GBPUSD falls to 1-month low below $1.22 as Brexit concerns weigh

-
-
Open account Download free app

The pound is the worst performing major currency today, dropping against all its peers as any hopes that the UK and EU will agree upon a new Brexit deal seem to be slipping away. The rhetoric from both sides has become increasingly hostile with each party looking to blame the other for the failure to make any progress. 

 

The largest declines for GBP can be seen against NZD, CHF and JPY with these crosses all lower by 1% or more on the day while the GBPUSD has dipped below the $1.22 handle to trade at its lowest level in 5 weeks. Traders should keep an eye on any further Brexit headlines while the USD could be sensitive to a speech from Fed chair Powell this evening scheduled at 7:30 PM (BST)     

 

25 February 2026, 7:10 PM

Daily Summary - Wall Street is waiting for Nvidia (25.02.2026)

24 February 2026, 6:46 PM

Daily summary: Technology Drives Wall Street as Tehran Seeks Truce

23 February 2026, 11:08 AM

⛔ Trump’s tariffs ruled illegal: will companies receive billions of dollars in refunds?

23 February 2026, 8:07 AM

USDIDX: dollar starts the week under pressure from trade turmoil 📄

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits