{"id":152444,"date":"2019-07-30T07:52:12","date_gmt":"2019-07-30T11:52:12","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152444"},"modified":"2019-07-30T07:52:12","modified_gmt":"2019-07-30T11:52:12","slug":"pound-slumps-to-new-two-year-as-no-deal-brexit-fears-intensify","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/pound-slumps-to-new-two-year-as-no-deal-brexit-fears-intensify\/","title":{"rendered":"Pound slumps to new two-year as no-deal Brexit fears intensify"},"content":{"rendered":"
July 30, 2019<\/div>
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By Lukman Otunuga, Research Analyst, <\/strong>ForexTime<\/strong><\/a><\/span><\/div>\n<\/div>\n
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It has been under a week since Boris Johnson became the new UK Prime Minister and already the British Pound is sinking deeper into the abyss, sliding to a two-year low against the Dollar at 1.2220.<\/p>\n

Concerns over the United Kingdom crashing out of the European Union with no Brexit deal in place is clearly haunting investor attraction towards Sterling which has weakened against every single G10 currency today. Michael Gove\u2019s comments over the weekend on how the government is \u201coperating on the assumption\u201d of the UK leaving the EU has rubbed salt on an open wound for the British Pound.<\/p>\n

With uncertainty over Brexit, the new conviction ahead of the October 31 deadline is that the path ahead for Sterling will be filled with many obstacles and more pain. If the GBPUSD can clear 1.2200, bears may be instilled with enough inspiration to test 1.2000.<\/p>\n

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GBPJPY tumbles to 2-year low<\/strong><\/p>\n

Fears of a no-deal Brexit have sent the GBPJPY tumbling to a two year below 133.00.<\/p>\n

This currency pair is firmly bearish on the daily charts and is likely to sink lower once a daily close under 133.00 is secured. With attraction towards Sterling deteriorating by the day, the GBPJPY is set to test 132.00 in the short to medium term.<\/p>\n

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EURGBP blasts above 0.9050<\/strong><\/p>\n

A weaker Poundhas sent the EURGBP shooting back past 0.9050 today. A daily close above this point should open the doors towards 0.9170\u00a0this week.<\/p>\n

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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

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Lukman Otunuga, Research Analyst, ForexTime It has been under a week since Boris Johnson became the new UK Prime Minister and already the British Pound is sinking deeper into the abyss, sliding to a two-year low against the Dollar at 1.2220. Concerns over the United Kingdom crashing out of the European Union with no […]<\/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-152444","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152444","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=152444"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152444\/revisions"}],"predecessor-version":[{"id":152457,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152444\/revisions\/152457"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}