No deal Brexit fears continue to weigh on GBP. UK’s Raab says they are ‘turbo-charging’ no deal Brexit preparations. GBP/USD slumps to lowest level since April 2017, loses more than 100 pips. The British pound is suffering heavy losses against its major rivals on Monday as revived fears of no deal Brexit force investors to move away from the currency. The EUR/GBP pair gained more than 1% today and touched its highest level since early January at 0.9085 and was last seen trading at 0.9078. UK heading to a hard Brexit? Following Cabinet Officer Minister Gove’s comments about no-deal being a real prospect over the weekend, British Foreign Secretary Dominic Raab said that they were ‘turbo-charging’ no deal Brexit preparations. Furthermore, British Prime Minister Boris Johnson’s spokeswoman told reporters that if the EU continues to refuse to reopen the Withdrawal Agreement to negotiation they must assume that there will be a no deal. “The government’s central focus is preparing for that,” the spokeswoman added. Reflecting the broad GBP weakness, the GBP/USD pair slumped to its lowest level since April 2017 at 1.2243 and is now down 1% on the day at 1.2260. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF flirting with daily lows, just above 0.9900 handle FX Street 4 years No deal Brexit fears continue to weigh on GBP. UK's Raab says they are 'turbo-charging' no deal Brexit preparations. GBP/USD slumps to lowest level since April 2017, loses more than 100 pips. The British pound is suffering heavy losses against its major rivals on Monday as revived fears of no deal Brexit force investors to move away from the currency. The EUR/GBP pair gained more than 1% today and touched its highest level since early January at 0.9085 and was last seen trading at 0.9078. UK heading to a hard Brexit? Following Cabinet Officer Minister Gove's comments about no-deal being… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
