Read more
2:31 PM · 8 October 2019

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

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)     

 

10 April 2026, 5:38 PM

Three Markets to Watch in the Week Ahead (10.04.2026)

10 April 2026, 1:33 PM

BREAKING: US CPI higher, but below expectations! 🚨

10 April 2026, 6:34 AM

Economic Calendar – Key U.S. Inflation Data (April 10, 2026)

10 April 2026, 6:01 AM

Morning Wrap: Markets Still Cling to Peace Hopes as Iran Sends Mixed Signals (10.04.2026)

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