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Sterling Spirals as EU Considers Terminating Brexit Trade Deal

GBP
  • Immediate weakness goes through in GBP as Bloomberg reports that the EU are considering terminating any Brexit trade deal. Gilt futures print new session highs on the move, touching 124.16.
  • GBP/USD retreats to 1.3738 and remains weak, showing below the 1.3742 low printed on Wednesday. 50-dma undercuts as first support at 1.3712, which takes focus on any further leg lower.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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