With all of the attention focused on euro these days traders forget that one more asset is in danger. And that would be GBP. Even though Brexit talks have stopped for some time, that doesn’t mean that the political turbulence in the country stopped. Right now the Prime Minister of the UK Theresa May is working on Brexit proposal that is supposed to please all of the MPs who keep on rejecting the deal. But that is not the only thing that is expected of the Prime Minister. Her colleagues are waiting for her to name an approximate date of her stepping down from the PM position which is hard for her to do as this date is tightly entangled with the Brexit. And those who want to see her go are to accept her Brexit proposal first.

And so with talks like that it is no wonder that GBP is not feeling so well these days. With European Union submerging deeper into the financial troubles traders flee from the region leaving GBP behind as well. And that reflects in the performance of GBP/USD couple. What we are seeing in the chart today is just an extension of a longer down trend.

Even though there is no due, there is also no guarantee that the situation is not going to develop further on its own. And there is a huge possibility of the situation going worse and worse for GBP. Use your trading signals to be sure.