GBPUSD sinks below 1.27

11:06 AM 21 May 2019

GBPUSD keeps declining and has just dropped below 1.27  for the first time since January. Investors are nervous as the PM Theresa May tries to convince her cabinet to vote for her Brexit deal but has already been warned against further concessions in the customs union area. GBP will be one of the most interesting currency to watch in the context of euro parliament elections that will take place this Sunday. So far the GBPUSD has been collapsing for 6 straight trading days.  

Share:
Back

Join over 1 600 000 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