{"id":148103,"date":"2019-05-21T07:25:45","date_gmt":"2019-05-21T11:25:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148103"},"modified":"2019-05-21T06:26:00","modified_gmt":"2019-05-21T10:26:00","slug":"pound-knocked-below-1-27-as-brexit-fears-mount","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/pound-knocked-below-1-27-as-brexit-fears-mount\/","title":{"rendered":"Pound knocked below 1.27 as Brexit fears mount"},"content":{"rendered":"<div id=\"inves-549480714\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 21, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"author-container\">\n<div class=\"author-description\"><span class=\"author-description-author\"><strong>By Lukman Otunuga, Research Analyst &#8211; <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><br \/>\n<\/span><\/div>\n<\/div>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The British Pound descended deeper into the abyss this morning with prices falling below $1.27 for the first time since January 2019 as uncertainty over Brexit dented investor sentiment.<\/p>\n<p>Rising concerns over the UK crashing out of the European Union without any kind of transition deal coupled with political drama in Westminster compounded to the Pound\u2019s woes. With a broadly stronger Dollar rubbing salt in\u00a0the wound and punishing Sterling further, the GBPUSD remains heavily bearish on the daily timeframe.<\/p>\n<p>Much attention will be directed towards today UK inflation report hearings by the Bank of England&#8217;s Governor. While this event could impact the Pound, the currency is likely to be more concerned with Brexit developments and the Political drama at home.<\/p>\n<p>Technical traders will continue to closely observe how the GBPUSD behave around the 1.2700 level. A solid daily close below this point signals a move lower towards 1.2620 and 1.2500 as <a href=\"https:\/\/www.forextime.com\/eu\/market-analysis\/sterling-struggles-nurse-wounds-political-risk-continues-bite\">discussed earlier in the week.<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/gbpusddaily_579.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lukman Otunuga, Research Analyst &#8211; ForexTime The British Pound descended deeper into the abyss this morning with prices falling below $1.27 for the first time since January 2019 as uncertainty over Brexit dented investor sentiment. Rising concerns over the UK crashing out of the European Union without any kind of transition deal coupled with [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-148103","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=148103"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148103\/revisions"}],"predecessor-version":[{"id":148109,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148103\/revisions\/148109"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}