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Sterling trades weaker ahead of May's speech


Sterling trades to its weakest level

The sterling approached its lowest zone today, ahead of Theresa May's, U.K's Prime Minister, speech, tomorrow Tuesday, where she will be outlining Britain's smooth exit plan from the EU.

Sterling to first time lows at 1.1988

Since October's astonishing crash, the GBP/USD pair traded, for the first time, below the 1.2000 zone, hitting as low as 1.1988.

The USD/JPY pair traded to its weakest area since December at 113.63. The U.S. dollar index approached the 101.61 level, rising 0.43%. The EUR/USD traded to 1.0596, 0.43% lower.

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ArgusFX Review

Source: https://www.argusfx.com/en/research-education/market-analysis/news/sterling-trades-weaker-ahead-of-may-s-speech
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