Video GBPUSD drops to new 2019 low

Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst

Sentiment towards the pound has turned increasingly negative, owing to raised Brexit uncertainty and as domestic economic data deteriorated noticeably in recent weeks. Traders are concerned that the Bank of England may have to cut interest rates later this year if a hard Brexit becomes more likely. UK CPI is due for release on Wednesday 17th July.

Related tags: Forex GBP

Latest market news

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar